Gotham Asset Management LLC Has $4.67 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Gotham Asset Management LLC reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 37.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,461 shares of the semiconductor provider's stock after selling 13,717 shares during the quarter. Gotham Asset Management LLC's holdings in NXP Semiconductors were worth $4,669,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC boosted its stake in NXP Semiconductors by 169.2% in the fourth 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 last quarter. Smithfield Trust Co bought a new position in shares of NXP Semiconductors during the fourth quarter worth $32,000. Runnymede Capital Advisors Inc. bought a new position in shares of NXP Semiconductors during the fourth quarter worth $32,000. Brooklyn Investment Group boosted its position in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 66 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of NXP Semiconductors during the fourth quarter worth $46,000. 90.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NXPI. TD Cowen lifted their price target on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Mizuho raised their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Barclays cut their price objective on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $246.22.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded down $2.88 during trading on Monday, hitting $209.68. 961,752 shares of the stock were exchanged, compared to its average volume of 2,639,518. The stock has a market capitalization of $52.97 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. The company has a fifty day moving average price of $188.58 and a 200-day moving average price of $208.27. NXP Semiconductors has a 1-year low of $148.09 and a 1-year 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.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share 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 analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. 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 business earned $3.24 EPS. As a group, equities analysts predict that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 1.93%. NXP Semiconductors's dividend payout ratio is presently 44.12%.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. The trade was a 10.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.12% of the stock is owned by company insiders.

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.