GAM Holding AG Sells 2,029 Shares of NXP Semiconductors (NASDAQ:NXPI)

GAM Holding AG trimmed its position in NXP Semiconductors (NASDAQ:NXPI) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,657 shares of the semiconductor provider’s stock after selling 2,029 shares during the quarter. GAM Holding AG’s holdings in NXP Semiconductors were worth $8,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC purchased a new position in shares of NXP Semiconductors during the first quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $27,000. Addison Advisors LLC boosted its holdings in shares of NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of NXP Semiconductors by 71.2% in the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 52 shares during the period. Finally, Beacon Capital Management LLC boosted its holdings in shares of NXP Semiconductors by 36.4% in the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NXPI. Truist Financial lowered their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. TD Cowen reduced their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Cantor Fitzgerald reduced their price objective on shares of NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. Needham & Company LLC boosted their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Citigroup boosted their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $288.90.

NXP Semiconductors Price Performance

NASDAQ:NXPI opened at $231.52 on Wednesday. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The firm has a market cap of $58.98 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.53 and a beta of 1.49. The firm’s fifty day moving average is $239.03 and its two-hundred day moving average is $252.88.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 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 company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company earned $3.04 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. Research analysts expect that NXP Semiconductors will post 11.97 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 37.94%.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the 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 sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Jennifer Wuamett sold 3,500 shares of the company’s 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 transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julie Southern purchased 146 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, July 30th. The shares were bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

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.