GAMMA Investing LLC Lowers Position in NXP Semiconductors (NASDAQ:NXPI)

GAMMA Investing LLC lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,176 shares of the semiconductor provider’s stock after selling 59 shares during the period. GAMMA Investing LLC’s holdings in NXP Semiconductors were worth $452,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NXPI. State Street Corp raised its holdings in NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after purchasing an additional 139,641 shares during the period. Geode Capital Management LLC lifted its holdings in NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after purchasing an additional 57,762 shares in the last quarter. Franklin Resources Inc. grew its position in shares of NXP Semiconductors by 2.1% in the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after purchasing an additional 93,129 shares during the period. Van ECK Associates Corp increased its stake in shares of NXP Semiconductors by 67.2% during the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after purchasing an additional 1,222,736 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after purchasing an additional 20,145 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several research reports. The Goldman Sachs Group cut their price objective on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Citic Securities initiated coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 target price on shares of NXP Semiconductors in a research report on Monday, November 4th. Stifel Nicolaus decreased their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, Loop Capital initiated coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.14.

NXP Semiconductors Trading Up 1.3 %

Shares of NASDAQ NXPI opened at $208.86 on Monday. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $53.08 billion, a PE ratio of 19.93, a PEG ratio of 4.37 and a beta of 1.47. NXP Semiconductors has a twelve month low of $201.58 and a twelve month high of $296.08. The stock has a fifty day simple moving average of $223.05 and a 200-day simple moving average of $239.94.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the firm earned $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.65%.

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.