SBI Okasan Asset Management Co.Ltd. Takes Position in NXP Semiconductors N.V. $NXPI

SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 17,900 shares of the semiconductor provider’s stock, valued at approximately $3,946,000. NXP Semiconductors comprises 0.2% of SBI Okasan Asset Management Co.Ltd.’s holdings, making the stock its 21st biggest holding.

A number of other hedge funds have also bought and sold shares of the business. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in NXP Semiconductors during the fourth quarter worth $9,969,000. Moors & Cabot Inc. lifted its holdings in NXP Semiconductors by 6.6% during the fourth quarter. Moors & Cabot Inc. now owns 1,341 shares of the semiconductor provider’s stock worth $291,000 after acquiring an additional 83 shares during the period. Geode Capital Management LLC lifted its holdings in NXP Semiconductors by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock worth $1,180,572,000 after acquiring an additional 30,804 shares during the period. Flputnam Investment Management Co. lifted its holdings in NXP Semiconductors by 23.8% during the fourth quarter. Flputnam Investment Management Co. now owns 2,267 shares of the semiconductor provider’s stock worth $492,000 after acquiring an additional 436 shares during the period. Finally, Allstate Corp lifted its holdings in NXP Semiconductors by 114.0% during the fourth quarter. Allstate Corp now owns 19,963 shares of the semiconductor provider’s stock worth $4,333,000 after acquiring an additional 10,633 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $330.28 on Friday. The stock has a market cap of $83.39 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 1.19 and a beta of 1.77. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The stock has a fifty day moving average of $245.56 and a 200-day moving average of $229.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.07. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $2.64 earnings per share. Equities research analysts anticipate that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 1.2%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction 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 owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total value of $1,070,921.28. Following the sale, the executive vice president directly owned 5,389 shares of the company’s stock, valued at $1,261,187.67. This represents a 45.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 10,865 shares of company stock valued at $2,508,416. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent analyst reports. Barclays lifted their price target on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Truist Financial lifted their price target on NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Sanford C. Bernstein lifted their price target on NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $294.25.

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.