Bank OZK Raises Holdings in NXP Semiconductors N.V. $NXPI

Bank OZK grew its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 12.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,720 shares of the semiconductor provider’s stock after purchasing an additional 1,195 shares during the quarter. Bank OZK’s holdings in NXP Semiconductors were worth $2,037,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NXPI. Wellington Management Group LLP grew its holdings in shares of NXP Semiconductors by 11.7% during the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock worth $2,419,662,000 after purchasing an additional 1,330,474 shares during the last quarter. Nuveen LLC purchased a new position in shares of NXP Semiconductors during the first quarter worth about $219,878,000. Voloridge Investment Management LLC grew its holdings in shares of NXP Semiconductors by 131.4% during the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider’s stock worth $213,154,000 after buying an additional 582,317 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of NXP Semiconductors by 26,732.0% during the first quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider’s stock worth $110,969,000 after buying an additional 581,688 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of NXP Semiconductors by 10.6% during the first quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider’s stock worth $858,902,000 after buying an additional 432,838 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In related news, CFO William Betz sold 6,785 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $227.34, for a total value of $1,542,501.90. Following the sale, the chief financial officer owned 1,520 shares of the company’s stock, valued at approximately $345,556.80. This represents a 81.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jennifer Wuamett sold 9,132 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the sale, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,917 shares of company stock valued at $4,082,002 in the last quarter. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $232.01 on Tuesday. The business’s 50 day simple moving average is $220.55 and its 200-day simple moving average is $207.05. The firm has a market capitalization of $58.49 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $259.74.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.20 EPS. As a group, equities analysts forecast that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors’s payout ratio is 48.39%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup raised their price target on NXP Semiconductors from $210.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research note on Monday, April 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. Truist Financial boosted their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, KGI Securities raised shares of NXP Semiconductors to a “strong-buy” rating in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.05.

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.