GSA Capital Partners LLP Sells 3,506 Shares of NXP Semiconductors (NASDAQ:NXPI)

GSA Capital Partners LLP lessened its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 23.4% in the third quarter, according to its most recent filing with the SEC. 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 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NXPI. Family Firm Inc. purchased a new stake in shares of NXP Semiconductors during the second quarter worth $27,000. Addison Advisors LLC raised its holdings in shares of NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider's stock worth $29,000 after acquiring an additional 74 shares in the last quarter. Valley National Advisers Inc. raised its holdings in shares of NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider's stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider's stock worth $38,000 after acquiring an additional 123 shares in the last quarter. Finally, Beacon Capital Management LLC raised its holdings in shares of NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider's stock worth $37,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors 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 completion of the sale, the executive vice president now owns 30,269 shares of the company's stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NXPI has been the subject of several recent research reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $270.00 price objective on shares of NXP Semiconductors in a report on Monday, November 4th. Needham & Company LLC lowered their target price on shares of NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Truist Financial lowered their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating on the stock in a research report on Thursday, October 17th. Finally, UBS Group lowered their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors has an average rating of "Moderate Buy" and an average price target of $276.76.

NXP Semiconductors Price Performance

NXPI traded down $2.25 during midday trading on Tuesday, reaching $224.79. 2,528,787 shares of the company's stock were exchanged, compared to its average volume of 2,300,709. The firm has a market capitalization of $57.13 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 4.30 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a one year low of $181.96 and a one year high of $296.08. The business has a 50-day simple moving average of $235.14 and a two-hundred day simple moving average of $253.42.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.25 billion. During the same quarter in the previous year, the company posted $3.31 earnings per share. NXP Semiconductors's quarterly revenue was down 5.4% compared to the same quarter last year. As a group, research analysts predict that NXP Semiconductors will post 11.43 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors's dividend payout ratio is currently 38.65%.

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.