OLD National Bancorp IN Takes $426,000 Position in NXP Semiconductors N.V. $NXPI

OLD National Bancorp IN acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,949 shares of the semiconductor provider's stock, valued at approximately $426,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in shares of NXP Semiconductors by 11.7% during the 1st quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider's stock worth $2,419,662,000 after acquiring an additional 1,330,474 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of NXP Semiconductors by 1.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider's stock valued at $1,545,958,000 after purchasing an additional 87,820 shares during the period. Invesco Ltd. increased its stake in NXP Semiconductors by 8.2% in the 1st quarter. Invesco Ltd. now owns 4,693,126 shares of the semiconductor provider's stock worth $891,975,000 after purchasing an additional 353,782 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in NXP Semiconductors by 10.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider's stock worth $858,902,000 after purchasing an additional 432,838 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in NXP Semiconductors by 20.0% during the 1st quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider's stock worth $647,387,000 after buying an additional 567,831 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NXPI shares. Needham & Company LLC lifted their target price on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Susquehanna lifted their price objective on shares of NXP Semiconductors from $195.00 to $210.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. KeyCorp increased their target price on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Truist Financial lifted their price target on NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Barclays increased their price objective on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $256.05.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $219.58 on Wednesday. The firm has a market cap of $55.36 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 2.62 and a beta of 1.44. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $256.62. 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 business has a fifty day simple moving average of $224.49 and a 200 day simple moving average of $209.90.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%.The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company posted $3.20 earnings per share. The business's quarterly revenue was down 6.4% compared to the same quarter last year. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. As a group, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 17th. NXP Semiconductors's payout ratio is currently 48.39%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $216.21, for a total value of $216,210.00. Following the completion of the sale, the executive vice president owned 6,828 shares of the company's stock, valued at $1,476,281.88. The trade was a 12.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Rafael Sotomayor sold 2,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total value of $439,140.00. Following the transaction, the president directly owned 4,958 shares in the company, valued at approximately $1,088,628.06. This represents a 28.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,785 shares of company stock valued at $2,197,852 over the last ninety days. Corporate insiders own 0.12% of the company's stock.

NXP Semiconductors Company 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.

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