SBI Okasan Asset Management Co.Ltd. Buys Shares of 17,900 NXP Semiconductors N.V. $NXPI

Key Points

• SBI Okasan Asset Management disclosed a new position in NXP Semiconductors, buying 17,900 shares in the fourth quarter worth about $3.95 million. The stake now makes up roughly 0.2% of its portfolio.
• NXP reported better-than-expected quarterly results, with EPS of $3.05 versus $2.98 expected and revenue of $3.18 billion versus $3.14 billion forecast. Revenue rose 12.2% year over year.
• Analysts remain broadly constructive on the stock, with several raising price targets; the consensus rating is Moderate Buy and the average price target stands at $294.25. The company also pays a quarterly dividend of $1.014 per share, or $4.06 annualized.

SBI Okasan Asset Management Co.Ltd. bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,900 shares of the semiconductor provider's stock, valued at approximately $3,946,000. NXP Semiconductors comprises approximately 0.2% of SBI Okasan Asset Management Co.Ltd.'s investment portfolio, making the stock its 21st biggest position.

Other large investors have also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $26,000. Wexford Capital LP acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $31,000. Kelleher Financial Advisors acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $31,000. Community Bank N.A. acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $37,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of NXP Semiconductors by 1,092.9% in the third quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider's stock valued at $38,000 after buying an additional 153 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 4,576 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the transaction, the executive vice president owned 5,389 shares in the company, valued at $1,261,187.67. This trade represents a 45.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Hardy sold 5,289 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the completion of the transaction, the executive vice president owned 2,020 shares in the company, valued at $474,700. This represents a 72.36% 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. Over the last quarter, insiders sold 10,865 shares of company stock valued at $2,508,416. Company insiders own 0.12% of the company's stock.

NXP Semiconductors Trading Up 0.3%

Shares of NXP Semiconductors stock opened at $330.28 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The stock has a 50 day moving average price of $245.56 and a two-hundred day moving average price of $229.83. The stock has a market capitalization of $83.39 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 1.19 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating analysts' consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $3.14 billion. During the same quarter last year, the firm posted $2.64 earnings per share. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors's dividend payout ratio (DPR) is 38.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NXPI shares. Oppenheimer increased their price target on NXP Semiconductors from $250.00 to $300.00 and gave the company an "outperform" rating in a research note on Wednesday, April 29th. Citigroup raised their target price on NXP Semiconductors from $255.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Needham & Company LLC raised their target price on NXP Semiconductors from $250.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Evercore raised their target price on NXP Semiconductors from $260.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 29th. Finally, Mizuho raised their target price on NXP Semiconductors from $188.00 to $200.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $294.25.

NXP Semiconductors Company 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.

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