GSA Capital Partners LLP Decreases Stake in NXP Semiconductors (NASDAQ:NXPI)

GSA Capital Partners LLP reduced its holdings in NXP Semiconductors (NASDAQ:NXPI) by 23.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,496 shares of the semiconductor provider’s stock after selling 3,506 shares during the period. GSA Capital Partners LLP’s holdings in NXP Semiconductors were worth $2,759,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Drive Wealth Management LLC lifted its stake in shares of NXP Semiconductors by 4.3% in the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after buying an additional 39 shares in the last quarter. Beacon Capital Management LLC raised its stake in NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 40 shares during the period. Patten Group Inc. raised its stake in NXP Semiconductors by 1.2% during the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after purchasing an additional 42 shares during the period. West Paces Advisors Inc. raised its stake in NXP Semiconductors by 3.1% during the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after purchasing an additional 45 shares during the period. Finally, Octavia Wealth Advisors LLC raised its stake in NXP Semiconductors by 5.4% during the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after purchasing an additional 45 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of analyst reports. Citigroup lifted their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. Truist Financial reduced their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Barclays reduced their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research note on Friday, October 18th. Finally, Citic Securities assumed coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $276.76.

NXP Semiconductors Trading Down 2.9 %

NASDAQ NXPI opened at $227.04 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 52 week low of $181.96 and a 52 week high of $296.08. The stock has a market capitalization of $57.70 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 4.30 and a beta of 1.49. The firm has a 50 day moving average of $235.72 and a two-hundred day moving average of $253.50.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the business posted $3.31 EPS. The firm’s revenue was down 5.4% on a year-over-year basis. As a group, research analysts expect that NXP Semiconductors will post 11.43 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were given a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.79%. NXP Semiconductors’s dividend payout ratio is presently 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.