GAMMA Investing LLC Has $110.97 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

GAMMA Investing LLC lifted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 26,732.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 583,864 shares of the semiconductor provider’s stock after purchasing an additional 581,688 shares during the quarter. GAMMA Investing LLC’s holdings in NXP Semiconductors were worth $110,969,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its holdings in NXP Semiconductors by 9.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock worth $119,000 after purchasing an additional 51 shares during the period. Private Trust Co. NA grew its holdings in NXP Semiconductors by 5.8% in the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock worth $201,000 after purchasing an additional 53 shares during the period. J. W. Coons Advisors LLC grew its holdings in NXP Semiconductors by 2.1% in the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider’s stock worth $618,000 after purchasing an additional 60 shares during the period. Kestra Investment Management LLC grew its holdings in NXP Semiconductors by 7.2% in the fourth quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider’s stock worth $188,000 after purchasing an additional 61 shares during the period. Finally, Keel Point LLC grew its holdings in NXP Semiconductors by 4.7% in the fourth quarter. Keel Point LLC now owns 1,414 shares of the semiconductor provider’s stock worth $294,000 after purchasing an additional 64 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NXPI shares. Citigroup reduced their price target on shares of NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating for the company in a report on Friday, April 11th. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Barclays reduced their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Truist Financial raised their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $246.22.

NXP Semiconductors Stock Down 3.3%

NXPI opened at $189.49 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The company’s 50-day moving average is $187.09 and its 200 day moving average is $206.08. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The firm has a market capitalization of $47.87 billion, a P/E ratio of 19.47, a PEG ratio of 3.01 and a beta of 1.38.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.90% and a return on equity of 31.45%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the firm earned $3.24 earnings per share. The firm’s revenue was down 9.3% on a year-over-year basis. Research analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 44.12%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. The trade was a 10.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.12% of the stock is owned by insiders.

About NXP Semiconductors

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.