GAM Holding AG Sells 3,758 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

GAM Holding AG trimmed its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 11.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 29,635 shares of the semiconductor provider's stock after selling 3,758 shares during the quarter. GAM Holding AG's holdings in NXP Semiconductors were worth $5,632,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $32,000. Runnymede Capital Advisors Inc. purchased a new stake in NXP Semiconductors in the 4th quarter worth $32,000. Ameriflex Group Inc. bought a new position in shares of NXP Semiconductors during the 4th quarter valued at approximately $44,000. Strategic Financial Concepts LLC purchased a new position in NXP Semiconductors in the fourth quarter worth about $46,000. Finally, GoalVest Advisory LLC lifted its holdings in shares of NXP Semiconductors by 472.9% in the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after acquiring an additional 227 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NXPI has been the subject of several research reports. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Barclays decreased 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 report on Tuesday, April 22nd. Stifel Nicolaus cut their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. UBS Group lowered their target price on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research note on Monday, April 21st. Four research 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $244.78.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded down $2.45 on Friday, reaching $209.00. The stock had a trading volume of 4,244,802 shares, compared to its average volume of 2,728,143. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $296.08. The firm has a market capitalization of $52.80 billion, a price-to-earnings ratio of 22.77, a P/E/G ratio of 2.60 and a beta of 1.39. The firm's 50-day moving average is $196.64 and its two-hundred day moving average is $204.63. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The company had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the previous year, the company earned $3.24 EPS. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business 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. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.94%. NXP Semiconductors's dividend payout ratio (DPR) is presently 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.