Koss Olinger Consulting LLC Invests $1.71 Million in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• Koss Olinger Consulting LLC has acquired a new stake of 8,979 shares in NXP Semiconductors N.V., valued at approximately $1.7 million, as per their latest SEC filing.
• Several institutional investors have increased their holdings in NXP Semiconductors, with Brighton Jones LLC raising its position by 20.6% and Bank of Nova Scotia by 40.5% in the fourth quarter.
• NXP reported a quarterly earnings of $2.72 EPS, exceeding analyst estimates of $2.66, alongside a revenue of $2.93 billion, though down 6.4% year-over-year.

Koss Olinger Consulting LLC purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,979 shares of the semiconductor provider's stock, valued at approximately $1,707,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Townsquare Capital LLC increased its position in shares of NXP Semiconductors by 2.4% during the first quarter. Townsquare Capital LLC now owns 3,142 shares of the semiconductor provider's stock worth $597,000 after buying an additional 74 shares during the period. Zions Bancorporation National Association UT acquired a new stake in shares of NXP Semiconductors during the first quarter worth $54,000. Wolverine Asset Management LLC increased its position in shares of NXP Semiconductors by 5.1% during the first quarter. Wolverine Asset Management LLC now owns 4,121 shares of the semiconductor provider's stock worth $783,000 after buying an additional 200 shares during the period. National Bank of Canada FI increased its position in shares of NXP Semiconductors by 22.1% during the first quarter. National Bank of Canada FI now owns 58,845 shares of the semiconductor provider's stock worth $11,191,000 after buying an additional 10,652 shares during the period. Finally, AlphaCore Capital LLC increased its position in shares of NXP Semiconductors by 3.5% during the first quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider's stock worth $312,000 after buying an additional 55 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 7.3%

NXP Semiconductors stock traded up $14.89 during mid-day trading on Tuesday, hitting $220.05. The company had a trading volume of 4,210,058 shares, compared to its average volume of 3,024,376. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. The stock's 50 day moving average price is $218.43 and its two-hundred day moving average price is $206.48. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $259.74. The company has a market capitalization of $55.48 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 2.35 and a beta of 1.41.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.20 earnings per share. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is presently 48.39%.

Insiders Place Their Bets

In related news, CFO William Betz sold 6,785 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the sale, the chief financial officer owned 1,520 shares in the company, valued at approximately $345,556.80. This represents a 81.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the sale, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NXPI. The Goldman Sachs Group began coverage on shares of NXP Semiconductors in a research note on Thursday, July 10th. They set a "buy" rating and a $276.00 target price on the stock. KeyCorp upped their price target on NXP Semiconductors from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. KGI Securities raised shares of NXP Semiconductors to a "strong-buy" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price on NXP Semiconductors from $205.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus raised their target price on NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $256.05.

About NXP Semiconductors

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.