NXP Semiconductors N.V. $NXPI Shares Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd grew its stake in NXP Semiconductors N.V. (NASDAQ:NXPIFree Report) by 1,898.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,511 shares of the semiconductor provider’s stock after purchasing an additional 29,934 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in NXP Semiconductors were worth $6,843,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the 3rd quarter valued at approximately $26,000. CNB Bank purchased a new stake in NXP Semiconductors during the third quarter worth $28,000. Wexford Capital LP purchased a new stake in NXP Semiconductors during the third quarter worth $31,000. Kelleher Financial Advisors acquired a new stake in NXP Semiconductors during the third quarter valued at $31,000. Finally, Community Bank N.A. acquired a new stake in NXP Semiconductors during the third quarter valued at $37,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $224.50 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. The company has a fifty day moving average of $211.27 and a two-hundred day moving average of $216.64. The stock has a market capitalization of $56.73 billion, a PE ratio of 28.27, a P/E/G ratio of 1.01 and a beta of 1.46. NXP Semiconductors N.V. has a fifty-two week low of $172.17 and a fifty-two week high of $256.36.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last announced its earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.04. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.30 billion. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.18 earnings per share. As a group, research analysts forecast that NXP Semiconductors N.V. will post 12.51 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s payout ratio is presently 51.01%.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the sale, the executive vice president directly owned 9,942 shares in the company, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NXPI shares. Bank of America reiterated a “neutral” rating and issued a $230.00 price objective (down from $245.00) on shares of NXP Semiconductors in a research report on Monday, April 13th. Morgan Stanley restated an “overweight” rating on shares of NXP Semiconductors in a research report on Friday, January 16th. Mizuho restated an “underperform” rating and issued a $188.00 price target (down from $255.00) on shares of NXP Semiconductors in a research note on Thursday, April 16th. Citigroup reduced their price target on NXP Semiconductors from $285.00 to $255.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised their price objective on NXP Semiconductors from $245.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $248.53.

Check Out Our Latest Analysis on NXP Semiconductors

Key Headlines Impacting NXP Semiconductors

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About NXP Semiconductors

(Free Report)

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

Further Reading

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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