GPS Wealth Strategies Group LLC Cuts Stake in NXP Semiconductors (NASDAQ:NXPI)

GPS Wealth Strategies Group LLC lowered its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 38.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128 shares of the semiconductor provider’s stock after selling 81 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in NXP Semiconductors were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. State Street Corp grew its holdings in NXP Semiconductors by 1.3% during the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after buying an additional 139,641 shares in the last quarter. Geode Capital Management LLC grew its holdings in NXP Semiconductors by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after buying an additional 57,762 shares in the last quarter. Franklin Resources Inc. grew its holdings in NXP Semiconductors by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after buying an additional 93,129 shares in the last quarter. Van ECK Associates Corp grew its holdings in NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after buying an additional 1,222,736 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock valued at $655,453,000 after buying an additional 20,145 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NXPI shares. Susquehanna cut their price target on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company started coverage on NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. Citic Securities assumed coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 price target for the company. Mizuho set a $290.00 target price on NXP Semiconductors in a report on Friday, October 18th. Finally, Evercore ISI dropped their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $269.85.

NXP Semiconductors Trading Down 1.1 %

Shares of NASDAQ NXPI opened at $202.40 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $215.21 and a two-hundred day simple moving average of $230.83. The firm has a market cap of $51.44 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.31 EPS. Analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is 38.74%.

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.