NXP Semiconductors N.V. $NXPI Shares Bought by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,899 shares of the semiconductor provider’s stock after acquiring an additional 2,447 shares during the quarter. NXP Semiconductors comprises approximately 1.7% of Oliver Luxxe Assets LLC’s holdings, making the stock its 9th largest position. Oliver Luxxe Assets LLC’s holdings in NXP Semiconductors were worth $11,494,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NXPI. JPL Wealth Management LLC acquired a new stake in NXP Semiconductors in the 3rd quarter worth approximately $26,000. SHP Wealth Management acquired a new position in NXP Semiconductors during the fourth quarter valued at approximately $27,000. Acumen Wealth Advisors LLC bought a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $28,000. Jessup Wealth Management Inc bought a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $29,000. Finally, Wexford Capital LP acquired a new stake in shares of NXP Semiconductors in the third quarter worth $31,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 3.4%

Shares of NXP Semiconductors stock opened at $239.71 on Friday. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The company’s fifty day simple moving average is $281.17 and its 200-day simple moving average is $252.53. The company has a market cap of $60.45 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 0.82 and a beta of 1.81. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the company earned $2.72 EPS. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were given 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 dividend yield of 1.7%. NXP Semiconductors’s dividend payout ratio is currently 34.64%.

Analyst Ratings Changes

Several analysts recently issued reports on NXPI shares. Susquehanna upped their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. BNP Paribas Exane lifted their target price on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Jefferies Financial Group boosted their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. Finally, Barclays raised their price target on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

Insider Activity

In related news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors 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 sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors Company 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.