Apollon Wealth Management LLC Sells 68 Shares of NXP Semiconductors (NASDAQ:NXPI)

Apollon Wealth Management LLC decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,000 shares of the semiconductor provider’s stock after selling 68 shares during the period. Apollon Wealth Management LLC’s holdings in NXP Semiconductors were worth $1,039,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vest Financial LLC raised its position in NXP Semiconductors by 50.4% during the fourth quarter. Vest Financial LLC now owns 3,806 shares of the semiconductor provider’s stock valued at $791,000 after purchasing an additional 1,276 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in NXP Semiconductors during the fourth quarter valued at about $329,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in NXP Semiconductors by 1.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,021 shares of the semiconductor provider’s stock valued at $5,824,000 after purchasing an additional 496 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in NXP Semiconductors by 0.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 916,677 shares of the semiconductor provider’s stock valued at $190,531,000 after purchasing an additional 8,153 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in NXP Semiconductors during the fourth quarter valued at about $46,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 0.4 %

NXPI stock opened at $210.97 on Wednesday. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The business’s 50 day moving average price is $213.42 and its two-hundred day moving average price is $228.99. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The company has a market capitalization of $53.62 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. NXP Semiconductors’s dividend payout ratio (DPR) is 41.73%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NXPI shares. Citigroup upgraded NXP Semiconductors from a “sell” rating to a “neutral” rating and raised their price target for the company from $200.00 to $210.00 in a research report on Wednesday, February 5th. UBS Group decreased their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Oppenheimer decreased their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Mizuho set a $290.00 price objective on NXP Semiconductors in a report on Friday, October 18th. Finally, Barclays decreased their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $263.15.

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.