NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Gill Capital Partners LLC

Gill Capital Partners LLC lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 989 shares of the semiconductor provider’s stock after selling 45 shares during the quarter. Gill Capital Partners LLC’s holdings in NXP Semiconductors were worth $237,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Norden Group LLC acquired a new position in NXP Semiconductors in the 1st quarter valued at about $1,775,000. Congress Asset Management Co. MA raised its stake in NXP Semiconductors by 0.8% in the 4th quarter. Congress Asset Management Co. MA now owns 509,420 shares of the semiconductor provider’s stock valued at $117,004,000 after purchasing an additional 4,074 shares during the last quarter. Bessemer Group Inc. raised its stake in NXP Semiconductors by 4,525.6% in the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after purchasing an additional 349,061 shares during the last quarter. Finally, M&G Plc acquired a new position in NXP Semiconductors in the 1st quarter valued at about $65,830,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citigroup boosted their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research note on Monday, July 15th. Stifel Nicolaus lifted their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Morgan Stanley lowered their price target on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. UBS Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $275.00 to $285.00 in a report on Monday. Finally, Needham & Company LLC lifted their price target on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $291.47.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $234.96 on Wednesday. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The firm has a fifty day moving average of $240.81 and a 200-day moving average of $253.52. The firm has a market capitalization of $60.08 billion, a P/E ratio of 21.70, a PEG ratio of 2.51 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the business earned $3.04 EPS. As a group, analysts predict that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s payout ratio is 37.40%.

Insider Activity at NXP Semiconductors

In other news, insider Julie Southern purchased 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the acquisition, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Julie Southern acquired 146 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, with a total value of $37,600.84. Following the acquisition, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

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.