Spire Wealth Management Sells 171 Shares of NXP Semiconductors (NASDAQ:NXPI)

Spire Wealth Management lowered its holdings in NXP Semiconductors (NASDAQ:NXPI) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 943 shares of the semiconductor provider’s stock after selling 171 shares during the period. Spire Wealth Management’s holdings in NXP Semiconductors were worth $196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. ORG Wealth Partners LLC increased its holdings in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares during the period. Sound Income Strategies LLC increased its holdings in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares during the period. FSA Wealth Management LLC bought a new stake in NXP Semiconductors during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group increased its holdings in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 66 shares during the period. Finally, Fortitude Family Office LLC increased its holdings in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after acquiring an additional 75 shares during the period. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Oppenheimer decreased their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley decreased their target price on shares of NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating on the stock in a report on Wednesday. Loop Capital began coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price target on the stock. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Citigroup raised shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and increased their price target for the stock from $200.00 to $210.00 in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $263.15.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $212.93 on Friday. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The stock has a market capitalization of $54.12 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. The company has a fifty day moving average of $214.22 and a 200-day moving average of $230.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.90%. NXP Semiconductors’s payout ratio is currently 38.74%.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.