May Hill Capital LLC Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

May Hill Capital LLC acquired a new position in shares of NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,614 shares of the semiconductor provider’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Townsquare Capital LLC raised its holdings in NXP Semiconductors by 26.0% during the third quarter. Townsquare Capital LLC now owns 4,695 shares of the semiconductor provider’s stock worth $1,127,000 after purchasing an additional 969 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of NXP Semiconductors by 1.4% during the third quarter. Captrust Financial Advisors now owns 19,014 shares of the semiconductor provider’s stock worth $4,564,000 after purchasing an additional 266 shares during the last quarter. FSA Wealth Management LLC purchased a new position in NXP Semiconductors during the 3rd quarter worth $33,000. Kestra Investment Management LLC purchased a new position in NXP Semiconductors during the third quarter worth about $202,000. Finally, Ascent Group LLC lifted its holdings in shares of NXP Semiconductors by 0.4% in the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 0.0 %

Shares of NXP Semiconductors stock opened at $190.06 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $214.17 and a 200 day moving average price of $221.68. NXP Semiconductors has a fifty-two week low of $183.56 and a fifty-two week high of $296.08. The firm has a market cap of $48.20 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of research reports. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Truist Financial raised their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Needham & Company LLC lowered their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Finally, Barclays lowered their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $267.00.

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.