GF Fund Management CO. LTD. Invests $10.01 Million in NXP Semiconductors (NASDAQ:NXPI)

GF Fund Management CO. LTD. purchased a new stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 48,168 shares of the semiconductor provider's stock, valued at approximately $10,012,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. Parkside Financial Bank & Trust lifted its holdings in NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock valued at $119,000 after purchasing an additional 51 shares in the last quarter. Private Trust Co. NA lifted its holdings in NXP Semiconductors by 5.8% during the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after purchasing an additional 53 shares in the last quarter. J. W. Coons Advisors LLC lifted its holdings in NXP Semiconductors by 2.1% during the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock valued at $618,000 after purchasing an additional 60 shares in the last quarter. Hunter Associates Investment Management LLC lifted its holdings in NXP Semiconductors by 0.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock valued at $4,180,000 after purchasing an additional 61 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its holdings in NXP Semiconductors by 7.2% during the fourth quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider's stock valued at $188,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Mizuho increased their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Susquehanna decreased their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. UBS Group lowered their price target on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Truist Financial upped their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $246.22.

NXP Semiconductors Trading Up 3.5%

Shares of NXPI traded up $6.75 during trading on Tuesday, reaching $198.90. 3,934,892 shares of the company traded hands, compared to its average volume of 2,680,054. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The stock has a market cap of $50.25 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. The stock has a 50-day simple moving average of $187.99 and a 200-day simple moving average of $206.90. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

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

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

Insiders Place Their Bets

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business'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 transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.12% of the stock is currently owned by company insiders.

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.