OVERSEA CHINESE BANKING Corp Ltd Makes New Investment in NXP Semiconductors N.V. (NASDAQ:NXPI)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,098 shares of the semiconductor provider's stock, valued at approximately $620,000.

A number of other hedge funds have also recently added to or reduced their stakes in NXPI. Cutter & CO Brokerage Inc. lifted its holdings in shares of NXP Semiconductors by 9.9% in the 1st quarter. Cutter & CO Brokerage Inc. now owns 1,918 shares of the semiconductor provider's stock valued at $365,000 after buying an additional 173 shares during the period. MQS Management LLC acquired a new position in NXP Semiconductors during the first quarter worth $230,000. CWM LLC raised its holdings in NXP Semiconductors by 16.1% during the first quarter. CWM LLC now owns 4,814 shares of the semiconductor provider's stock worth $915,000 after purchasing an additional 669 shares during the last quarter. Stephens Inc. AR raised its holdings in NXP Semiconductors by 484.5% during the first quarter. Stephens Inc. AR now owns 66,492 shares of the semiconductor provider's stock worth $12,637,000 after purchasing an additional 55,117 shares during the last quarter. Finally, Schechter Investment Advisors LLC increased its position in NXP Semiconductors by 50.0% during the first quarter. Schechter Investment Advisors LLC now owns 1,729 shares of the semiconductor provider's stock worth $329,000 after buying an additional 576 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Evercore ISI reaffirmed an "outperform" rating and issued a $289.00 price objective (up previously from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Stifel Nicolaus upped their target price on NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a report on Friday. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. TD Cowen increased their target price on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Barclays dropped their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average price target of $253.74.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock traded up $0.31 during trading on Friday, hitting $224.81. The stock had a trading volume of 536,737 shares, compared to its average volume of 2,760,073. The business's 50-day moving average is $212.97 and its 200 day moving average is $205.84. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $285.55. The firm has a market cap of $56.79 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 2.75 and a beta of 1.40. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.05. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. NXP Semiconductors's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.24 EPS. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's payout ratio is currently 44.23%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares in the company, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.12% of the company's stock.

NXP Semiconductors 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.