NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in NXP Semiconductors (NASDAQ:NXPI) by 16.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,235 shares of the semiconductor provider’s stock after purchasing an additional 318 shares during the quarter. GAMMA Investing LLC’s holdings in NXP Semiconductors were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NXPI. Future Financial Wealth Managment LLC acquired a new stake in shares of NXP Semiconductors in the 1st quarter valued at $25,000. Family Firm Inc. acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at $27,000. Addison Advisors LLC raised its holdings in shares of NXP Semiconductors by 224.2% in the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. Valley National Advisers Inc. raised its holdings in shares of NXP Semiconductors by 71.2% in the 2nd quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 52 shares in the last quarter. Finally, Rise Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 1st quarter valued at $35,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 0.4 %

Shares of NASDAQ NXPI opened at $234.96 on Wednesday. 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 has a 52 week low of $167.21 and a 52 week high of $296.08. The firm has a 50-day moving average price of $240.81 and a 200 day moving average price of $253.52. The stock has a market capitalization of $60.08 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.51 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating the consensus estimate of $2.82 by $0.38. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.04 earnings per share. Equities research analysts anticipate that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be given 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 of this dividend is Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 37.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NXPI shares. Citigroup raised their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a report on Monday, July 15th. Truist Financial dropped their target price on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. TD Cowen dropped their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC increased their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $291.47.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Julie Southern acquired 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’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 transaction, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

NXP Semiconductors Company 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.