OVERSEA CHINESE BANKING Corp Ltd Takes $462,000 Position in NXP Semiconductors (NASDAQ:NXPI)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in NXP Semiconductors (NASDAQ:NXPI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,909 shares of the semiconductor provider’s stock, valued at approximately $462,000.

Other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. raised its stake in shares of NXP Semiconductors by 34.1% in the first quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider’s stock valued at $425,000 after buying an additional 436 shares during the period. Avantax Advisory Services Inc. increased its holdings in NXP Semiconductors by 8.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 9,819 shares of the semiconductor provider’s stock worth $2,433,000 after acquiring an additional 748 shares during the last quarter. Bleakley Financial Group LLC raised its stake in NXP Semiconductors by 9.1% in the 1st quarter. Bleakley Financial Group LLC now owns 1,830 shares of the semiconductor provider’s stock valued at $453,000 after acquiring an additional 152 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in NXP Semiconductors by 13.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 17,316 shares of the semiconductor provider’s stock valued at $4,290,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in NXP Semiconductors by 0.8% during the first quarter. Orion Portfolio Solutions LLC now owns 24,774 shares of the semiconductor provider’s stock worth $6,138,000 after purchasing an additional 196 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price target on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research report on Thursday, October 17th. Loop Capital began coverage on shares of NXP Semiconductors in a report on Monday. They set a “buy” rating and a $300.00 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. Citic Securities initiated coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price target for the company. Finally, Barclays dropped their price objective on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $276.76.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is owned by insiders.

NXP Semiconductors Stock Down 0.8 %

Shares of NASDAQ:NXPI opened at $222.96 on Thursday. The firm has a market capitalization of $56.67 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 4.27 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. NXP Semiconductors has a 52-week low of $190.17 and a 52-week high of $296.08. The firm has a fifty day moving average of $234.91 and a 200 day moving average of $253.29.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.31 EPS. As a group, research analysts anticipate that NXP Semiconductors will post 11.43 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were paid a $1.014 dividend. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.82%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

NXP Semiconductors Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.