GSA Capital Partners LLP Lowers Stock Position in NXP Semiconductors (NASDAQ:NXPI)

GSA Capital Partners LLP decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 23.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,496 shares of the semiconductor provider’s stock after selling 3,506 shares during the period. GSA Capital Partners LLP’s holdings in NXP Semiconductors were worth $2,759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NXPI. Vanguard Group Inc. lifted its position in NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares during the last quarter. Van ECK Associates Corp lifted its position in NXP Semiconductors by 67.2% during the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after acquiring an additional 1,222,736 shares during the last quarter. International Assets Investment Management LLC lifted its position in NXP Semiconductors by 24,533.2% during the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after acquiring an additional 512,253 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in NXP Semiconductors during the third quarter valued at approximately $84,901,000. Finally, Bessemer Group Inc. lifted its position in NXP Semiconductors by 4,525.6% during the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after acquiring an additional 349,061 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.9 %

NXPI stock opened at $227.04 on Tuesday. The firm has a market cap of $57.70 billion, a PE ratio of 21.66, a P/E/G ratio of 4.30 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.52 and a current ratio of 2.35. The firm’s fifty day moving average is $235.72 and its 200 day moving average is $253.50. NXP Semiconductors has a one year low of $181.96 and a one year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $3.31 earnings per share. On average, research analysts forecast that NXP Semiconductors will post 11.43 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.79%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s payout ratio is 38.74%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Truist Financial decreased their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Susquehanna decreased their price target on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Citic Securities started coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price target for the company. Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Finally, Oppenheimer decreased their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $276.76.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

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.