Healthcare of Ontario Pension Plan Trust Fund Boosts Stock Position in NXP Semiconductors N.V. $NXPI

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 146.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 419,077 shares of the semiconductor provider’s stock after purchasing an additional 249,055 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in NXP Semiconductors were worth $82,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NXPI. JPL Wealth Management LLC bought a new position in NXP Semiconductors during the third quarter valued at about $26,000. SHP Wealth Management bought a new position in shares of NXP Semiconductors during the 4th quarter valued at approximately $27,000. Acumen Wealth Advisors LLC bought a new position in shares of NXP Semiconductors during the 4th quarter valued at approximately $28,000. Jessup Wealth Management Inc purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $29,000. Finally, Quattro Advisors LLC purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $30,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 2.9%

Shares of NXPI stock opened at $269.24 on Friday. The company’s fifty day simple moving average is $295.88 and its two-hundred day simple moving average is $252.36. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The stock has a market capitalization of $67.98 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.12 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the business posted $2.64 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, analysts anticipate that NXP Semiconductors N.V. will post 13.46 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. NXP Semiconductors’s dividend payout ratio is 38.85%.

Analysts Set New Price Targets

Several research firms recently commented on NXPI. Cantor Fitzgerald upped their price objective on NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. KeyCorp boosted their target price on NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Wells Fargo & Company dropped their price target on NXP Semiconductors from $305.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $307.73.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by company insiders.

NXP Semiconductors Profile

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.