GDS Wealth Management Acquires 5,310 Shares of NXP Semiconductors (NASDAQ:NXPI)

GDS Wealth Management boosted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 14.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,526 shares of the semiconductor provider’s stock after buying an additional 5,310 shares during the quarter. GDS Wealth Management’s holdings in NXP Semiconductors were worth $9,767,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in NXP Semiconductors by 21,013.6% during the 4th 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 in the last quarter. Bahl & Gaynor Inc. bought a new position in shares of NXP Semiconductors in the 3rd quarter valued at $59,273,000. Northern Trust Corp boosted its holdings in shares of NXP Semiconductors by 10.9% during the 3rd 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 during the 3rd quarter worth $41,270,000. Finally, Van ECK Associates Corp raised its position 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 purchasing an additional 180,999 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock traded up $0.59 during trading on Thursday, hitting $260.80. 1,596,463 shares of the stock traded hands, compared to its average volume of 2,374,167. The firm’s fifty day moving average is $243.86 and its 200-day moving average is $223.20. The stock has a market cap of $66.68 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 0.94 and a beta of 1.54. NXP Semiconductors has a 52 week low of $161.23 and a 52 week high of $264.26. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. Research analysts expect that NXP Semiconductors will post 12.41 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on NXPI. Morgan Stanley upped their price target 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. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $200.00 to $260.00 in a research note on Tuesday, January 16th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $290.00 target price on shares of NXP Semiconductors in a research note on Tuesday, April 30th. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Mizuho boosted their target price on shares of NXP Semiconductors from $225.00 to $265.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $257.72.

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.