GDS Wealth Management Purchases 4,409 Shares of NXP Semiconductors (NASDAQ:NXPI)

GDS Wealth Management boosted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 9.3% in the second quarter, Holdings Channel.com reports. The fund owned 51,755 shares of the semiconductor provider’s stock after acquiring an additional 4,409 shares during the quarter. GDS Wealth Management’s holdings in NXP Semiconductors were worth $13,927,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of NXP Semiconductors during the first quarter valued at $25,000. FinTrust Capital Advisors LLC increased its holdings in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. Family Firm Inc. bought a new stake in NXP Semiconductors during the 2nd quarter valued at $27,000. Addison Advisors LLC raised its position in NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. Finally, LifeSteps Financial Inc. purchased a new stake in shares of NXP Semiconductors in the 1st quarter worth $30,000. Institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In related news, insider Julie Southern purchased 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was acquired at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $230.01 on Tuesday. The company has a market capitalization of $58.81 billion, a P/E ratio of 21.24, a P/E/G ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The business’s 50 day moving average is $251.56 and its two-hundred day moving average is $254.90. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the business earned $3.04 earnings per share. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. Analysts expect that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a dividend of $1.014 per share. The ex-dividend date is Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.76%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.40%.

Analyst Ratings Changes

NXPI has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 23rd. Truist Financial reduced their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Barclays lifted their price target on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Needham & Company LLC raised their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, Citigroup boosted their target price on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $294.89.

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.