Gateway Investment Advisers LLC Decreases Holdings in NXP Semiconductors (NASDAQ:NXPI)

Gateway Investment Advisers LLC decreased its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,501 shares of the semiconductor provider's stock after selling 2,465 shares during the period. Gateway Investment Advisers LLC's holdings in NXP Semiconductors were worth $3,845,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. State Street Corp increased its holdings in NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after buying an additional 139,641 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of NXP Semiconductors by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider's stock worth $1,231,533,000 after acquiring an additional 57,762 shares during the period. Franklin Resources Inc. raised its holdings in shares of NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock valued at $1,063,322,000 after purchasing an additional 93,129 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of 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 purchasing an additional 1,222,736 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in NXP Semiconductors by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock valued at $655,453,000 after purchasing an additional 20,145 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NXPI shares. Morgan Stanley decreased their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 6th. Evercore ISI reduced their price objective on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Needham & Company LLC dropped their target price on NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group raised shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and reduced their price target for the company from $260.00 to $257.00 in a research report on Friday, January 10th. Finally, Citic Securities began coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $270.81.

NXP Semiconductors Trading Up 2.2 %

NXP Semiconductors stock traded up $4.60 during trading hours on Friday, hitting $215.36. The company had a trading volume of 1,921,230 shares, compared to its average volume of 1,984,350. The firm has a market cap of $54.74 billion, a P/E ratio of 20.55, a P/E/G ratio of 3.11 and a beta of 1.47. The company has a 50-day moving average price of $217.51 and a two-hundred day moving average price of $236.39. NXP Semiconductors has a 1 year low of $202.25 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.25 billion. During the same quarter in the prior year, the firm earned $3.31 earnings per share. NXP Semiconductors's revenue was down 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.88%. NXP Semiconductors's dividend payout ratio is currently 38.74%.

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.