O Shaughnessy Asset Management LLC Raises Stock Position in NXP Semiconductors N.V. $NXPI

O Shaughnessy Asset Management LLC lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,481 shares of the semiconductor provider’s stock after acquiring an additional 2,525 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in NXP Semiconductors were worth $7,702,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NXPI. JPL Wealth Management LLC bought a new position in shares of NXP Semiconductors during the third quarter valued at approximately $26,000. Wexford Capital LP bought a new position in shares of NXP Semiconductors during the third quarter valued at approximately $31,000. Kelleher Financial Advisors bought a new position in shares of NXP Semiconductors during the third quarter valued at approximately $31,000. Community Bank N.A. purchased a new position in NXP Semiconductors during the 3rd quarter worth $37,000. Finally, CNB Bank grew its stake in NXP Semiconductors by 48.8% during the 4th quarter. CNB Bank now owns 180 shares of the semiconductor provider’s stock worth $39,000 after buying an additional 59 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NXPI. Wells Fargo & Company boosted their target price on NXP Semiconductors from $265.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Tuesday. KeyCorp lifted their price objective on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Jefferies Financial Group lifted their price objective on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their price objective on shares of NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $295.92.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were 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 $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew Hardy sold 5,289 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the sale, the executive vice president directly owned 2,020 shares of the company’s stock, valued at $474,700. This represents a 72.36% decrease in their position. 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. Insiders sold 12,611 shares of company stock valued at $3,061,078 over the last 90 days. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 4.0%

Shares of NXP Semiconductors stock opened at $285.56 on Thursday. The stock has a market cap of $72.10 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 1.07 and a beta of 1.77. The firm has a fifty day moving average price of $266.37 and a 200 day moving average price of $236.99. 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.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping 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 net margin of 21.03% and a return on equity of 26.75%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.64 earnings per share. Equities research analysts predict that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.

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.