Korea Investment CORP Acquires New Shares in NXP Semiconductors N.V. $NXPI

Key Points

• Korea Investment CORP acquired 177,656 shares of NXP Semiconductors in the second quarter, valued at approximately $49.9 million. Institutional investors and hedge funds collectively own 90.54% of NXPI.
• NXP reported quarterly EPS of $3.61 and revenue of $3.50 billion, exceeding analyst estimates, while revenue increased 19.5% year over year.
• Analysts maintain a “Moderate Buy” consensus, with 16 Buy, nine Hold, and one Sell rating and an average price target of $305.43. The company also pays a quarterly dividend of $1.014 per share, implying a 1.8% annualized yield.

Korea Investment CORP acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 177,656 shares of the semiconductor provider's stock, valued at approximately $49,927,000. Korea Investment CORP owned approximately 0.07% of NXP Semiconductors at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NXPI. Brighton Jones LLC increased its holdings in shares of NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock valued at $265,000 after acquiring an additional 218 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of NXP Semiconductors by 3.4% in the 1st quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider's stock valued at $1,334,000 after acquiring an additional 234 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in NXP Semiconductors by 31.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider's stock worth $170,000 after purchasing an additional 187 shares during the last quarter. Marshall Wace LLP boosted its position in NXP Semiconductors by 887.0% during the second quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider's stock worth $8,010,000 after purchasing an additional 32,945 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in NXP Semiconductors during the second quarter valued at approximately $555,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In related 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 $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. 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. 0.05% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NXPI. The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Morgan Stanley lifted their target price on shares of NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Citigroup reissued a "neutral" rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Truist Financial upped their price target on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $305.43.

NXP Semiconductors Trading Up 1.2%

Shares of NXP Semiconductors stock opened at $225.56 on Friday. The company's fifty day simple moving average is $265.95 and its 200-day simple moving average is $252.35. The company has a market cap of $56.88 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 0.77 and a beta of 1.81. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (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 analyst estimates of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. NXP Semiconductors's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.72 earnings per share. As a group, sell-side analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors's payout ratio is presently 34.64%.

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.

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