GAMMA Investing LLC Decreases Stake in NXP Semiconductors (NASDAQ:NXPI)

GAMMA Investing LLC cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,176 shares of the semiconductor provider’s stock after selling 59 shares during the period. GAMMA Investing LLC’s holdings in NXP Semiconductors were worth $452,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Crumly & Associates Inc. boosted its holdings in NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after purchasing an additional 45 shares in the last quarter. Sterling Investment Counsel LLC raised its stake in NXP Semiconductors by 5.7% during the 3rd quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock worth $204,000 after acquiring an additional 46 shares in the last quarter. Ascent Group LLC lifted its holdings in shares of NXP Semiconductors by 0.4% in the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after purchasing an additional 46 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of NXP Semiconductors by 2.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 1,935 shares of the semiconductor provider’s stock valued at $521,000 after purchasing an additional 50 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in shares of NXP Semiconductors by 5.2% in the 2nd quarter. Brighton Jones LLC now owns 1,024 shares of the semiconductor provider’s stock valued at $275,000 after purchasing an additional 51 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $208.86 on Monday. The firm has a market capitalization of $53.08 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 4.37 and a beta of 1.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The business’s 50 day simple moving average is $223.05 and its 200-day simple moving average is $239.94. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $3.31 EPS. As a group, equities analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.65%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NXPI. TD Cowen decreased their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group lowered their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Needham & Company LLC reduced their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus lowered their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Finally, Susquehanna reduced their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.14.

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.