NXP Semiconductors (NASDAQ:NXPI) Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 26,732.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 583,864 shares of the semiconductor provider's stock after acquiring an additional 581,688 shares during the quarter. GAMMA Investing LLC owned 0.23% of NXP Semiconductors worth $110,969,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of NXP Semiconductors during the fourth quarter worth $672,224,000. Van ECK Associates Corp raised its holdings in shares of NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after purchasing an additional 824,317 shares during the period. Voloridge Investment Management LLC increased its position in shares of NXP Semiconductors by 131.4% during the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock worth $213,154,000 after acquiring an additional 582,317 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of NXP Semiconductors by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock worth $849,336,000 after acquiring an additional 500,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in NXP Semiconductors by 36.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock valued at $322,764,000 after buying an additional 414,932 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NXPI. TD Cowen raised their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Barclays decreased their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Mizuho boosted their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Finally, UBS Group dropped their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $246.22.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is owned by corporate insiders.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded down $3.12 on Thursday, reaching $206.90. 2,362,152 shares of the company were exchanged, compared to its average volume of 2,705,675. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The firm has a market cap of $52.27 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. The company has a 50-day moving average of $187.54 and a 200-day moving average of $205.80.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The firm's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.24 EPS. Equities analysts forecast that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

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.