AlphaCore Capital LLC Takes $223,000 Position in NXP Semiconductors (NASDAQ:NXPI)

AlphaCore Capital LLC bought a new position in NXP Semiconductors (NASDAQ:NXPI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,085 shares of the semiconductor provider’s stock, valued at approximately $223,000.

A number of other institutional investors have also bought and sold shares of the business. Mizuho Securities Co. Ltd. bought a new position in shares of NXP Semiconductors in the second quarter worth about $29,000. Marquette Asset Management LLC bought a new position in NXP Semiconductors in the 2nd quarter worth approximately $29,000. Live Oak Investment Partners purchased a new stake in NXP Semiconductors during the 4th quarter valued at approximately $26,000. Fortis Capital Advisors LLC bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $27,000. Finally, Smithfield Trust Co purchased a new position in shares of NXP Semiconductors in the first quarter worth $42,000. Hedge funds and other institutional investors own 90.21% of the company’s stock.

NXP Semiconductors Stock Up 5.4 %

Shares of NASDAQ NXPI opened at $194.89 on Wednesday. NXP Semiconductors has a 1 year low of $150.90 and a 1 year high of $225.57. The firm has a 50-day simple moving average of $192.38 and a two-hundred day simple moving average of $194.59. The company has a market cap of $50.23 billion, a P/E ratio of 18.06, a PEG ratio of 0.89 and a beta of 1.56. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.92 and a quick ratio of 1.38.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Wednesday, September 13th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Tuesday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 37.63%.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of research reports. StockNews.com began coverage on shares of NXP Semiconductors in a research report on Thursday, October 5th. They set a “buy” rating for the company. Sanford C. Bernstein raised their price objective on NXP Semiconductors from $175.00 to $210.00 in a research report on Wednesday, July 26th. Truist Financial decreased their target price on NXP Semiconductors from $251.00 to $242.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Morgan Stanley cut their price target on NXP Semiconductors from $215.00 to $214.00 and set an “equal weight” rating for the company in a report on Wednesday, November 8th. Finally, Argus upped their price objective on NXP Semiconductors from $230.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $223.88.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 11,394 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $199.80, for a total value of $2,276,521.20. Following the sale, the executive vice president now owns 27,569 shares in the company, valued at $5,508,286.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

NXP Semiconductors Profile

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.