GSA Capital Partners LLP Purchases 1,982 Shares of NXP Semiconductors N.V. $NXPI

GSA Capital Partners LLP boosted its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 52.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,752 shares of the semiconductor provider’s stock after purchasing an additional 1,982 shares during the period. GSA Capital Partners LLP’s holdings in NXP Semiconductors were worth $1,249,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in NXP Semiconductors by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock worth $2,954,739,000 after purchasing an additional 293,558 shares in the last quarter. Wellington Management Group LLP grew its position in NXP Semiconductors by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after purchasing an additional 1,333,920 shares in the last quarter. State Street Corp grew its position in NXP Semiconductors by 0.5% in the 3rd quarter. State Street Corp now owns 10,988,061 shares of the semiconductor provider’s stock worth $2,512,283,000 after purchasing an additional 53,261 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in NXP Semiconductors by 1.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock worth $1,703,865,000 after purchasing an additional 121,419 shares in the last quarter. Finally, Invesco Ltd. grew its position in NXP Semiconductors by 3.2% in the 3rd quarter. Invesco Ltd. now owns 4,755,687 shares of the semiconductor provider’s stock worth $1,083,013,000 after purchasing an additional 147,192 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher L. Jensen sold 4,576 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the sale, the executive vice president directly owned 5,389 shares in the company, valued at approximately $1,261,187.67. This trade represents a 45.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 10,865 shares of company stock valued at $2,508,416 over the last quarter. Company insiders own 0.12% of the company’s stock.

NXP Semiconductors Stock Up 5.4%

NXPI opened at $310.15 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The stock has a market cap of $78.30 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 1.06 and a beta of 1.77. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $311.04. The company’s 50-day moving average price is $230.48 and its two-hundred day moving average price is $225.04.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.64 earnings per share. As a group, equities analysts expect that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. NXP Semiconductors’s payout ratio is 38.85%.

Analysts Set New Price Targets

A number of brokerages have issued reports on NXPI. Oppenheimer upped their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Raymond James Financial upped their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Truist Financial boosted their target price on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Stifel Nicolaus boosted their target price on shares of NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $294.25.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.