GTS Securities LLC Sells 13,230 Shares of NXP Semiconductors (NASDAQ:NXPI)

GTS Securities LLC cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 39.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sound Income Strategies LLC lifted its position in shares of NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after acquiring an additional 88 shares during the period. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at approximately $32,000. Runnymede Capital Advisors Inc. bought a new stake in shares of NXP Semiconductors during the 4th quarter worth $32,000. Strategic Financial Concepts LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $46,000. Finally, Asset Dedication LLC increased its holdings in shares of NXP Semiconductors by 126.6% during the fourth quarter. Asset Dedication LLC now owns 358 shares of the semiconductor provider's stock worth $74,000 after buying an additional 200 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 0.4%

NXPI stock traded down $0.90 during midday trading on Wednesday, hitting $198.01. The company had a trading volume of 937,114 shares, compared to its average volume of 2,673,293. The stock has a market cap of $50.02 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 3.01 and a beta of 1.38. NXP Semiconductors has a 52 week low of $148.09 and a 52 week high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock's 50 day moving average price is $187.92 and its 200 day moving average price is $206.85.

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

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's payout ratio is 44.12%.

Analyst Ratings Changes

A number of research firms recently commented on NXPI. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Barclays reduced their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Citigroup cut their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research note on Monday, April 21st. 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $246.22.

Insider Activity 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 stock was sold at an average price of $204.86, for a total value 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. This trade represents a 10.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.