GDS Wealth Management Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

GDS Wealth Management boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,740 shares of the semiconductor provider's stock after buying an additional 3,985 shares during the quarter. GDS Wealth Management's holdings in NXP Semiconductors were worth $13,378,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of NXP Semiconductors in the 1st quarter valued at about $843,000. Empowered Funds LLC increased its position in shares of NXP Semiconductors by 80.1% in the first quarter. Empowered Funds LLC now owns 7,818 shares of the semiconductor provider's stock valued at $1,937,000 after buying an additional 3,478 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in shares of NXP Semiconductors during the 1st quarter worth approximately $237,000. Meeder Advisory Services Inc. lifted its position in shares of NXP Semiconductors by 19.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,675 shares of the semiconductor provider's stock valued at $911,000 after buying an additional 586 shares in the last quarter. Finally, Inspire Advisors LLC grew its stake in NXP Semiconductors by 2.8% in the 1st quarter. Inspire Advisors LLC now owns 2,645 shares of the semiconductor provider's stock valued at $655,000 after acquiring an additional 71 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

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 dated 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 transaction, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NXPI has been the subject of a number of research analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. Truist Financial reduced their price target 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. Barclays lowered their price objective on NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Citigroup increased their target price on NXP Semiconductors from $150.00 to $220.00 and gave the company a "sell" rating in a report on Monday, July 15th. Finally, TD Cowen lowered their price target on NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average price target of $275.60.

NXP Semiconductors Trading Down 3.9 %

Shares of NXP Semiconductors stock traded down $9.10 during mid-day trading on Monday, hitting $224.79. The stock had a trading volume of 1,250,930 shares, compared to its average volume of 2,292,950. The firm has a 50-day moving average of $235.72 and a two-hundred day moving average of $253.50. The firm has a market cap of $57.13 billion, a P/E ratio of 22.32, 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 12-month low of $181.96 and a 12-month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share 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 during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the business posted $3.31 earnings per share. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. Sell-side analysts forecast that NXP Semiconductors will post 11.43 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.80%. NXP Semiconductors's dividend payout ratio (DPR) is currently 38.74%.

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.