Gateway Investment Advisers LLC Has $3.85 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Gateway Investment Advisers LLC lessened its holdings in NXP Semiconductors (NASDAQ:NXPI) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NXPI. ORG Wealth Partners LLC boosted its stake in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the third quarter worth $33,000. Fortitude Family Office LLC increased its holdings in NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the period. Avior Wealth Management LLC raised its position in NXP Semiconductors by 182.1% during the 3rd quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after purchasing an additional 142 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in NXP Semiconductors during the 3rd quarter worth about $58,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 2.2 %

NXPI stock opened at $215.36 on Friday. The firm has a market capitalization of $54.74 billion, a PE ratio of 20.55, a P/E/G ratio of 3.11 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a twelve month low of $202.25 and a twelve month high of $296.08. The stock’s 50 day moving average is $217.88 and its 200-day moving average is $236.74.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the business posted $3.31 EPS. Sell-side analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent research reports. Evercore ISI decreased their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. TD Cowen lowered their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday, November 4th. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.