Oliver Luxxe Assets LLC Has $11.49 Million Holdings in NXP Semiconductors N.V. $NXPI

Oliver Luxxe Assets LLC increased its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 6.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 40,899 shares of the semiconductor provider’s stock after acquiring an additional 2,447 shares during the period. NXP Semiconductors accounts for about 1.7% of Oliver Luxxe Assets LLC’s portfolio, making the stock its 9th largest position. Oliver Luxxe Assets LLC’s holdings in NXP Semiconductors were worth $11,494,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its stake in NXP Semiconductors by 2.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 4,495 shares of the semiconductor provider’s stock worth $1,263,000 after purchasing an additional 127 shares during the period. Czech National Bank grew its stake in shares of NXP Semiconductors by 4.8% in the 2nd quarter. Czech National Bank now owns 71,863 shares of the semiconductor provider’s stock valued at $20,196,000 after purchasing an additional 3,321 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of NXP Semiconductors by 72.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 370,193 shares of the semiconductor provider’s stock valued at $104,035,000 after purchasing an additional 155,358 shares during the period. Apella Capital LLC raised its holdings in shares of NXP Semiconductors by 41.8% in the 2nd quarter. Apella Capital LLC now owns 1,966 shares of the semiconductor provider’s stock worth $537,000 after buying an additional 580 shares in the last quarter. Finally, 55 North Private Wealth LLC bought a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $212,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 3.4%

NASDAQ NXPI opened at $239.71 on Friday. The stock’s 50 day simple moving average is $281.17 and its 200 day simple moving average is $252.53. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The firm has a market cap of $60.45 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.72 EPS. As a group, sell-side analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s payout ratio is currently 34.64%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NXPI shares. TD Cowen decreased their price target on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Wall Street Zen lowered NXP Semiconductors from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price objective on shares of NXP Semiconductors in a report on Monday, July 27th. Wolfe Research boosted their target price on shares of NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group upped their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $305.43.

Insider Transactions at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the 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 in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

NXP Semiconductors 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.