Osmosis Investment Management UK Ltd Purchases New Stake in NXP Semiconductors N.V. $NXPI

Osmosis Investment Management UK Ltd purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, Holdings Channel reports. The fund purchased 7,650 shares of the semiconductor provider’s stock, valued at approximately $2,150,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. JPL Wealth Management LLC acquired a new stake in NXP Semiconductors during the third quarter valued at $26,000. SHP Wealth Management bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $27,000. Allied Private Wealth LLC bought a new position in NXP Semiconductors during the second quarter valued at approximately $28,000. Acumen Wealth Advisors LLC acquired a new stake in NXP Semiconductors in the fourth quarter valued at approximately $28,000. Finally, Bell Investment Advisors Inc acquired a new stake in NXP Semiconductors in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their position. The sale 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 Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction on 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 of the company’s stock, valued at $1,153,118.79. This represents a 32.40% 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. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Stock Down 1.4%

Shares of NXPI opened at $222.44 on Tuesday. The company has a 50-day simple moving average of $264.08 and a 200-day simple moving average of $252.52. The firm has a market capitalization of $56.09 billion, a P/E ratio of 18.98, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the business earned $2.72 earnings per share. NXP Semiconductors’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts expect that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is presently 34.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial increased their target price on shares of NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $290.00 target price on shares of NXP Semiconductors in a report on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $305.43.

About NXP Semiconductors

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.