NXP Semiconductors (NASDAQ:NXPI) Stock Position Trimmed by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 50,402 shares of the semiconductor provider’s stock after selling 1,671 shares during the period. NXP Semiconductors comprises about 4.9% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Gibraltar Capital Management Inc.’s holdings in NXP Semiconductors were worth $11,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NXPI. International Assets Investment Management LLC grew its holdings in shares of NXP Semiconductors by 21,013.6% in the fourth quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock worth $118,325,000 after purchasing an additional 512,732 shares during the last quarter. Bahl & Gaynor Inc. bought a new position in shares of NXP Semiconductors in the third quarter worth approximately $59,273,000. Northern Trust Corp boosted its holdings in NXP Semiconductors by 10.9% in the third quarter. Northern Trust Corp now owns 2,154,213 shares of the semiconductor provider’s stock valued at $430,670,000 after acquiring an additional 211,927 shares in the last quarter. Toronto Dominion Bank bought a new stake in NXP Semiconductors in the third quarter valued at $41,270,000. Finally, Van ECK Associates Corp boosted its holdings in NXP Semiconductors by 15.9% in the fourth quarter. Van ECK Associates Corp now owns 1,319,509 shares of the semiconductor provider’s stock valued at $303,065,000 after acquiring an additional 180,999 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on NXPI. Truist Financial lifted their price target on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $200.00 to $260.00 in a report on Tuesday, January 16th. Cantor Fitzgerald reissued an “overweight” rating and set a $290.00 price objective on shares of NXP Semiconductors in a research report on Tuesday. Morgan Stanley raised their price objective on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Mizuho raised their price objective on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $242.29.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded up $9.06 during trading hours on Tuesday, reaching $256.19. 4,799,059 shares of the stock traded hands, compared to its average volume of 2,386,966. The company has a 50 day moving average price of $242.00 and a 200 day moving average price of $220.72. The firm has a market capitalization of $65.61 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 0.92 and a beta of 1.59. NXP Semiconductors has a one year low of $161.23 and a one year high of $264.26. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. On average, equities research analysts expect that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.58%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

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.