Oliver Luxxe Assets LLC Buys New Shares in NXP Semiconductors N.V. $NXPI

Oliver Luxxe Assets LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 26,767 shares of the semiconductor provider’s stock, valued at approximately $6,096,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of NXP Semiconductors by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 13,350,245 shares of the semiconductor provider’s stock valued at $2,916,895,000 after buying an additional 184,295 shares during the period. State Street Corp raised its holdings in NXP Semiconductors by 0.7% in the second quarter. State Street Corp now owns 10,934,800 shares of the semiconductor provider’s stock valued at $2,399,555,000 after acquiring an additional 71,892 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in NXP Semiconductors by 1.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,237,369 shares of the semiconductor provider’s stock worth $1,799,783,000 after acquiring an additional 103,319 shares during the last quarter. Geode Capital Management LLC grew its holdings in NXP Semiconductors by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,571,644 shares of the semiconductor provider’s stock worth $1,212,425,000 after acquiring an additional 204,547 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in NXP Semiconductors by 4.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,567,140 shares of the semiconductor provider’s stock worth $779,330,000 after acquiring an additional 162,553 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 1.4%

NXPI opened at $241.15 on Friday. The business’s 50-day simple moving average is $214.91 and its 200-day simple moving average is $220.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $255.45. The stock has a market capitalization of $60.69 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 3.03 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $3.45 earnings per share. Analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. NXP Semiconductors’s dividend payout ratio (DPR) is 50.12%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of NXP Semiconductors from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Sanford C. Bernstein set a $220.00 price target on NXP Semiconductors and gave the stock a “market perform” rating in a report on Wednesday, October 29th. Evercore ISI increased their price objective on NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Truist Financial boosted their target price on NXP Semiconductors from $254.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $280.00 price target on shares of NXP Semiconductors in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.62.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the transaction, the executive vice president directly owned 11,811 shares of the company’s stock, valued at approximately $2,609,522.34. This trade represents a 51.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Julie Southern bought 225 shares of NXP Semiconductors stock in a transaction dated Wednesday, December 3rd. The stock was acquired at an average cost of $225.48 per share, with a total value of $50,733.00. Following the completion of the acquisition, the insider directly owned 11,937 shares of the company’s stock, valued at approximately $2,691,554.76. The trade was a 1.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 23,097 shares of company stock valued at $5,003,058 in the last ninety days. 0.12% of the stock is currently owned by company insiders.

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.