GSA Capital Partners LLP Invests $1.75 Million in NXP Semiconductors N.V. $NXPI

GSA Capital Partners LLP acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,246 shares of the semiconductor provider’s stock, valued at approximately $1,755,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new position in NXP Semiconductors in the 3rd quarter valued at approximately $26,000. SHP Wealth Management acquired a new position in shares of NXP Semiconductors during the fourth quarter worth $27,000. Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors during the second quarter worth $28,000. Acumen Wealth Advisors LLC bought a new stake in shares of NXP Semiconductors in the fourth quarter worth $28,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of NXP Semiconductors in the fourth quarter worth $29,000. 90.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on NXPI shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $290.00 target price on shares of NXP Semiconductors in a research report on Wednesday, July 29th. TD Cowen decreased their price target on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Raymond James Financial raised their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Oppenheimer lifted their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus set a $282.00 target price on NXP Semiconductors in a report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $305.43.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $234.71 on Monday. The stock’s 50-day moving average is $273.07 and its 200 day moving average is $252.68. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The firm has a market cap of $59.18 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 0.80 and a beta of 1.82. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.72 earnings per share. Equities research analysts anticipate that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s payout ratio is presently 34.64%.

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.