NXP Semiconductors N.V. $NXPI Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lowered its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 17.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,691 shares of the semiconductor provider’s stock after selling 2,388 shares during the quarter. Gateway Investment Advisers LLC’s holdings in NXP Semiconductors were worth $2,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Transcend Capital Advisors LLC boosted its stake in NXP Semiconductors by 2.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 1,824 shares of the semiconductor provider’s stock valued at $399,000 after acquiring an additional 50 shares during the last quarter. IHT Wealth Management LLC increased its position in shares of NXP Semiconductors by 4.6% in the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after purchasing an additional 52 shares during the last quarter. Inspire Investing LLC raised its stake in shares of NXP Semiconductors by 0.5% in the 3rd quarter. Inspire Investing LLC now owns 10,993 shares of the semiconductor provider’s stock valued at $2,503,000 after purchasing an additional 57 shares in the last quarter. Pure Financial Advisors LLC raised its stake in shares of NXP Semiconductors by 2.1% in the 3rd quarter. Pure Financial Advisors LLC now owns 2,828 shares of the semiconductor provider’s stock valued at $644,000 after purchasing an additional 58 shares in the last quarter. Finally, Oarsman Capital Inc. lifted its position in shares of NXP Semiconductors by 6.1% during the second quarter. Oarsman Capital Inc. now owns 1,144 shares of the semiconductor provider’s stock worth $250,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 1.9%

Shares of NASDAQ NXPI opened at $221.28 on Monday. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $255.45. The company has a market cap of $55.69 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 2.78 and a beta of 1.46. The company has a current ratio of 2.37, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09. The stock’s 50 day simple moving average is $212.24 and its 200 day simple moving average is $219.43.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the company earned $3.45 earnings per share. NXP Semiconductors’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th will be issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio (DPR) is 50.12%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Evercore ISI boosted their price objective on NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Stifel Nicolaus set a $215.00 target price on NXP Semiconductors in a research report on Tuesday, October 28th. Arete boosted their price target on NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a report on Monday, December 8th. Truist Financial raised their price objective on NXP Semiconductors from $254.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, TD Cowen decreased their price objective on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.62.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 8,372 shares of NXP Semiconductors stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $207.01, for a total value of $1,733,087.72. Following the sale, the executive vice president directly owned 19,175 shares in the company, valued at $3,969,416.75. This trade represents a 30.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher L. Jensen sold 2,300 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total transaction of $524,791.00. Following the completion of the transaction, the executive vice president owned 9,965 shares of the company’s stock, valued at approximately $2,273,714.05. This trade represents a 18.75% decrease in their position. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by insiders.

NXP Semiconductors 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.