Gateway Investment Advisers LLC Sells 2,465 Shares of NXP Semiconductors (NASDAQ:NXPI)

Gateway Investment Advisers LLC reduced its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,501 shares of the semiconductor provider’s stock after selling 2,465 shares during the quarter. Gateway Investment Advisers LLC’s holdings in NXP Semiconductors were worth $3,845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NXPI. Federated Hermes Inc. increased its stake in shares of NXP Semiconductors by 33.5% in the 2nd quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider’s stock valued at $435,000 after buying an additional 406 shares during the period. Edgestream Partners L.P. bought a new position in NXP Semiconductors in the second quarter valued at about $258,000. Mercer Global Advisors Inc. ADV increased its position in NXP Semiconductors by 2.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 19,699 shares of the semiconductor provider’s stock worth $5,301,000 after purchasing an additional 425 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in NXP Semiconductors by 14.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,803 shares of the semiconductor provider’s stock worth $3,389,000 after purchasing an additional 1,628 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in NXP Semiconductors during the 2nd quarter valued at about $1,541,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 2.2 %

Shares of NXPI stock opened at $215.36 on Friday. NXP Semiconductors has a 52-week low of $202.25 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The stock has a market cap of $54.74 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.11 and a beta of 1.47. The firm’s 50-day moving average is $217.88 and its 200-day moving average is $236.74.

NXP Semiconductors (NASDAQ:NXPI) last issued its 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. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the company posted $3.31 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. Sell-side analysts predict that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a $1.014 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.88%. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NXPI. Loop Capital assumed coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. Barclays dropped their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday. Oppenheimer reduced their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley dropped their price objective on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Finally, StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $270.81.

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.