NXP Semiconductors (NASDAQ:NXPI) Shares Sold by GTS Securities LLC

GTS Securities LLC lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 39.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,281 shares of the semiconductor provider's stock after selling 13,230 shares during the quarter. GTS Securities LLC's holdings in NXP Semiconductors were worth $4,215,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in NXP Semiconductors in the fourth quarter worth about $672,224,000. Van ECK Associates Corp increased its position in NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after buying an additional 824,317 shares in the last quarter. Voloridge Investment Management LLC increased its position in NXP Semiconductors by 131.4% in the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock worth $213,154,000 after buying an additional 582,317 shares in the last quarter. Pictet Asset Management Holding SA increased its position in NXP Semiconductors by 14.0% in 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 buying an additional 500,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in NXP Semiconductors by 36.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock worth $322,764,000 after buying an additional 414,932 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on NXPI. Stifel Nicolaus reduced their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Truist Financial increased their target price on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. TD Cowen increased their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Susquehanna dropped their price target on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $246.22.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares of the company's stock, valued at $1,808,504.08. This represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.12% of the company's stock.

NXP Semiconductors Price Performance

NASDAQ NXPI traded up $6.75 during trading hours on Tuesday, reaching $198.90. The company's stock had a trading volume of 3,875,037 shares, compared to its average volume of 3,237,230. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The company's 50-day moving average is $187.99 and its two-hundred day moving average is $206.90. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a market capitalization of $50.25 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 3.01 and a beta of 1.38.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business's revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.24 earnings per share. On average, equities analysts predict that NXP Semiconductors will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's payout ratio is currently 44.12%.

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.