GDS Wealth Management Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

GDS Wealth Management raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,526 shares of the semiconductor provider’s stock after acquiring an additional 5,310 shares during the period. GDS Wealth Management’s holdings in NXP Semiconductors were worth $9,767,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in NXP Semiconductors by 46.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock worth $20,510,000 after buying an additional 28,518 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of NXP Semiconductors by 29.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock valued at $28,846,000 after acquiring an additional 28,758 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in NXP Semiconductors by 27.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock valued at $1,100,000 after purchasing an additional 1,019 shares during the period. Handelsbanken Fonder AB grew its stake in NXP Semiconductors by 33.4% during the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock worth $31,320,000 after purchasing an additional 34,131 shares in the last quarter. Finally, Heritage Wealth Management LLC acquired a new stake in NXP Semiconductors in the 4th quarter valued at about $845,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group raised their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Oppenheimer lifted their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Morgan Stanley increased their target price on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $257.72.

NXP Semiconductors Trading Up 0.2 %

Shares of NXPI traded up $0.59 during trading hours on Thursday, hitting $260.80. The stock had a trading volume of 1,596,463 shares, compared to its average volume of 2,374,167. The company’s fifty day simple moving average is $243.86 and its 200 day simple moving average is $223.20. NXP Semiconductors has a 12-month low of $161.23 and a 12-month high of $264.26. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. The firm has a market cap of $66.68 billion, a P/E ratio of 24.08, a P/E/G ratio of 0.94 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Equities research analysts forecast that NXP Semiconductors will post 12.41 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s payout ratio is currently 37.40%.

NXP Semiconductors Profile

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.