NXP Semiconductors (NASDAQ:NXPI) Position Trimmed by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC decreased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 23.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,170 shares of the semiconductor provider’s stock after selling 4,331 shares during the quarter. Gateway Investment Advisers LLC’s holdings in NXP Semiconductors were worth $2,693,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NXPI. Vest Financial LLC boosted its stake in shares of NXP Semiconductors by 52.2% during the 1st quarter. Vest Financial LLC now owns 5,793 shares of the semiconductor provider’s stock worth $1,101,000 after acquiring an additional 1,987 shares in the last quarter. Annex Advisory Services LLC purchased a new stake in shares of NXP Semiconductors during the first quarter valued at $1,984,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of NXP Semiconductors by 37.1% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,034 shares of the semiconductor provider’s stock valued at $387,000 after purchasing an additional 550 shares during the period. Long Run Wealth Advisors LLC increased its stake in NXP Semiconductors by 10.6% in the 1st quarter. Long Run Wealth Advisors LLC now owns 17,608 shares of the semiconductor provider’s stock worth $3,347,000 after purchasing an additional 1,692 shares in the last quarter. Finally, Greenfield Savings Bank increased its stake in NXP Semiconductors by 7.9% in the 1st quarter. Greenfield Savings Bank now owns 1,345 shares of the semiconductor provider’s stock worth $256,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on NXPI. Truist Financial raised their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. TD Cowen raised their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Arete Research upgraded shares of NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Mizuho boosted their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Stifel Nicolaus reduced their target price on NXP Semiconductors from $210.00 to $170.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $246.22.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $207.68 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08. The business’s 50-day moving average price is $187.90 and its two-hundred day moving average price is $205.61. The company has a market capitalization of $52.47 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the company earned $3.24 EPS. The firm’s revenue was down 9.3% on a year-over-year basis. Analysts anticipate that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

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.