GSA Capital Partners LLP Purchases Shares of 6,246 NXP Semiconductors N.V. $NXPI

GSA Capital Partners LLP acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,246 shares of the semiconductor provider's stock, valued at approximately $1,755,000.

Several other institutional investors also recently modified their holdings of NXPI. MGO One Seven LLC lifted its position in shares of NXP Semiconductors by 63.0% in the fourth quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider's stock valued at $3,011,000 after buying an additional 5,359 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of NXP Semiconductors by 16.4% during the 4th quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider's stock worth $9,847,000 after acquiring an additional 6,379 shares during the period. Deutsche Bank AG increased its holdings in shares of NXP Semiconductors by 5.1% during the 4th quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider's stock worth $418,538,000 after acquiring an additional 93,316 shares during the last quarter. Barclays PLC raised its stake in NXP Semiconductors by 31.5% in the 4th quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider's stock valued at $495,634,000 after acquiring an additional 546,790 shares during the period. Finally, Principal Financial Group Inc. raised its stake in NXP Semiconductors by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 274,099 shares of the semiconductor provider's stock valued at $59,496,000 after acquiring an additional 8,676 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $234.71 on Monday. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The firm has a 50-day moving average price of $273.07 and a two-hundred day moving average price of $252.68. The company has a market capitalization of $59.18 billion, a P/E ratio of 20.03, a P/E/G ratio of 0.80 and a beta of 1.82. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.72 earnings per share. Analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio is 34.64%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares of the company's stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares of the company's stock, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Cantor Fitzgerald reissued an "overweight" rating and issued a $400.00 price objective on shares of NXP Semiconductors in a research report on Monday, July 27th. Wall Street Zen cut shares of NXP Semiconductors from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 9th. Bank of America reaffirmed a "neutral" rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, Evercore increased their price target on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $305.43.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

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