OMERS ADMINISTRATION Corp Makes New Investment in NXP Semiconductors N.V. $NXPI

OMERS ADMINISTRATION Corp purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 89,448 shares of the semiconductor provider’s stock, valued at approximately $25,138,000.

Several other large investors have also modified their holdings of NXPI. MGO One Seven LLC raised its holdings in shares of NXP Semiconductors by 63.0% in the 4th quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider’s stock worth $3,011,000 after purchasing an additional 5,359 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of NXP Semiconductors by 16.4% in the 4th quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider’s stock valued at $9,847,000 after purchasing an additional 6,379 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of NXP Semiconductors by 5.1% during the 4th quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider’s stock worth $418,538,000 after purchasing an additional 93,316 shares during the period. Barclays PLC increased its position in NXP Semiconductors by 31.5% during the 4th quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider’s stock worth $495,634,000 after purchasing an additional 546,790 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in NXP Semiconductors by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 274,099 shares of the semiconductor provider’s stock worth $59,496,000 after purchasing an additional 8,676 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NXP Semiconductors

In other 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 approximately $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. This trade represents a 10.06% 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. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $225.56 on Monday. The stock has a market cap of $56.88 billion, a PE ratio of 19.25, a P/E/G ratio of 0.77 and a beta of 1.82. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The business has a 50 day moving average price of $265.95 and a two-hundred day moving average price of $252.50. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

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

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s payout ratio is currently 34.64%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company reduced their price target on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. KeyCorp increased their price objective on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. BNP Paribas Exane raised their target price on shares of NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 9th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $305.43.

NXP Semiconductors 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.