GDS Wealth Management Purchases 3,568 Shares of NXP Semiconductors (NASDAQ:NXPI)

GDS Wealth Management increased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,308 shares of the semiconductor provider’s stock after purchasing an additional 3,568 shares during the period. GDS Wealth Management’s holdings in NXP Semiconductors were worth $12,327,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NXP Semiconductors by 387.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock valued at $550,665,000 after buying an additional 1,823,650 shares during the period. Van ECK Associates Corp boosted 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 acquiring an additional 1,222,736 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in NXP Semiconductors by 337.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock valued at $225,591,000 after acquiring an additional 724,951 shares during the last quarter. International Assets Investment Management LLC increased its stake in NXP Semiconductors by 24,533.2% in the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after purchasing an additional 512,253 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of NXP Semiconductors by 1,172.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after purchasing an additional 511,553 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

NXPI opened at $204.73 on Tuesday. The company has a market cap of $52.03 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. 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 firm’s 50-day moving average price is $215.79 and its 200-day moving average price is $231.35. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the business posted $3.31 EPS. NXP Semiconductors’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a $1.014 dividend. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.98%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NXPI. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Citic Securities initiated coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They set a $288.00 price target for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday, November 4th. Evercore ISI lowered 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. Finally, TD Cowen dropped their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $270.85.

NXP Semiconductors Company 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.