Gibraltar Capital Management Inc. Has $7.25 Million Stake in NXP Semiconductors N.V. (NASDAQ:NXPI)

Gibraltar Capital Management Inc. lessened its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,143 shares of the semiconductor provider's stock after selling 2,270 shares during the period. NXP Semiconductors accounts for approximately 1.6% of Gibraltar Capital Management Inc.'s holdings, making the stock its 19th biggest position. Gibraltar Capital Management Inc.'s holdings in NXP Semiconductors were worth $7,249,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Oregon Public Employees Retirement Fund lifted its stake in shares of NXP Semiconductors by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider's stock worth $4,145,000 after acquiring an additional 58 shares during the period. Keel Point LLC lifted its stake in shares of NXP Semiconductors by 4.7% in the 4th quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider's stock worth $294,000 after acquiring an additional 64 shares during the period. MV Capital Management Inc. lifted its stake in shares of NXP Semiconductors by 10.4% in the 4th quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider's stock worth $145,000 after acquiring an additional 66 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of NXP Semiconductors by 1.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 3,750 shares of the semiconductor provider's stock worth $779,000 after acquiring an additional 68 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of NXP Semiconductors by 2.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 3,466 shares of the semiconductor provider's stock worth $720,000 after acquiring an additional 70 shares during the period. Institutional investors own 90.54% of the company's stock.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the transaction, the executive vice president owned 27,088 shares in the company, valued at approximately $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

NXPI has been the subject of several recent research reports. Evercore ISI reissued an "outperform" rating and set a $289.00 target price (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. UBS Group increased their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company increased their target price on shares of NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Barclays cut their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Four 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $249.28.

NXP Semiconductors Price Performance

Shares of NXPI stock traded down $6.10 during trading hours on Monday, reaching $226.00. 2,165,635 shares of the company were exchanged, compared to its average volume of 2,757,332. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The stock's fifty day moving average is $205.65 and its two-hundred day moving average is $204.88. The company has a market cap of $57.09 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 2.89 and a beta of 1.40. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. NXP Semiconductors's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.24 earnings per share. Sell-side analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 44.23%.

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.