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

Gibraltar Capital Management Inc. cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 1.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,930 shares of the semiconductor provider’s stock after selling 613 shares during the quarter. NXP Semiconductors comprises 4.3% of Gibraltar Capital Management Inc.’s holdings, making the stock its 9th largest position. Gibraltar Capital Management Inc.’s holdings in NXP Semiconductors were worth $9,584,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its position in NXP Semiconductors by 6.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 30,037 shares of the semiconductor provider’s stock worth $7,442,000 after acquiring an additional 1,701 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of NXP Semiconductors during the first quarter worth about $250,000. Diversified Trust Co purchased a new stake in NXP Semiconductors in the first quarter valued at approximately $255,000. Claro Advisors LLC increased its holdings in NXP Semiconductors by 5.2% in the 1st quarter. Claro Advisors LLC now owns 1,580 shares of the semiconductor provider’s stock worth $391,000 after buying an additional 78 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in NXP Semiconductors by 74.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 219,154 shares of the semiconductor provider’s stock worth $54,300,000 after buying an additional 93,560 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXPI stock opened at $249.70 on Tuesday. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The stock has a market cap of $63.61 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The business has a fifty day moving average of $238.20 and a two-hundred day moving average of $252.78.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.62%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.94%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NXPI shares. Citic Securities initiated coverage on shares of NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price objective on the stock. Needham & Company LLC increased their price target on NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group reduced their price objective on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. UBS Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the stock from $275.00 to $285.00 in a research note on Monday, October 7th. Finally, Stifel Nicolaus reduced their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $288.90.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors 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.