Lombard Odier Asset Management Switzerland SA Purchases Shares of 8,347 NXP Semiconductors N.V. $NXPI

Lombard Odier Asset Management Switzerland SA acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,347 shares of the semiconductor provider’s stock, valued at approximately $1,643,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Waverly Advisors LLC increased its holdings in NXP Semiconductors by 10.5% in the 1st quarter. Waverly Advisors LLC now owns 22,831 shares of the semiconductor provider’s stock worth $4,494,000 after buying an additional 2,164 shares during the period. Entropy Technologies LP boosted its holdings in shares of NXP Semiconductors by 622.9% in the 1st quarter. Entropy Technologies LP now owns 26,879 shares of the semiconductor provider’s stock valued at $5,291,000 after acquiring an additional 23,161 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of NXP Semiconductors by 146.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 419,077 shares of the semiconductor provider’s stock valued at $82,499,000 after acquiring an additional 249,055 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of NXP Semiconductors by 3.4% in the first quarter. Gabelli Funds LLC now owns 9,000 shares of the semiconductor provider’s stock worth $1,772,000 after acquiring an additional 300 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in shares of NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were 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 owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 0.6%

NXPI stock opened at $267.67 on Tuesday. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The business’s 50-day moving average is $295.40 and its 200 day moving average is $252.71. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The stock has a market cap of $67.58 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 1.12 and a beta of 1.79.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.64 earnings per share. On average, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.46 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup restated a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. KeyCorp lifted their price objective on NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Oppenheimer boosted their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday. Mizuho upped their target price on NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 29th. Finally, Barclays raised their target price on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Sixteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $307.73.

About NXP Semiconductors

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.