Korea Investment CORP Makes New $49.93 Million Investment in NXP Semiconductors N.V. $NXPI

Korea Investment CORP purchased a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 177,656 shares of the semiconductor provider’s stock, valued at approximately $49,927,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EP Wealth Advisors LLC bought a new position in shares of NXP Semiconductors during the 2nd quarter worth about $1,833,000. Ieq Capital LLC bought a new stake in NXP Semiconductors in the second quarter valued at about $1,208,000. Callan Family Office LLC bought a new stake in NXP Semiconductors in the second quarter valued at about $1,272,000. Allworth Financial LP acquired a new position in NXP Semiconductors in the second quarter worth about $1,096,000. Finally, LaSalle St. Investment Advisors LLC acquired a new position in NXP Semiconductors in the second quarter worth about $275,000. 90.54% of the stock is owned by institutional investors.

Insider Buying and Selling 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 company’s 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 transaction, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. This trade 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. 0.05% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NXPI has been the topic of several analyst reports. Oppenheimer upped their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Barclays upped their price target on NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Stifel Nicolaus set a $282.00 price objective on NXP Semiconductors in a report on Wednesday, July 29th. TD Cowen cut their price objective on NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Finally, BNP Paribas Exane boosted their target price on shares of NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, April 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $305.43.

NXP Semiconductors Stock Up 1.2%

Shares of NXPI opened at $225.56 on Friday. The company has a market capitalization of $56.88 billion, a P/E ratio of 19.25, a PEG ratio of 0.77 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 N.V. has a one year low of $183.00 and a one year high of $339.95. The business’s 50 day simple moving average is $265.95 and its 200-day simple moving average is $252.35.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the company earned $2.72 EPS. NXP Semiconductors’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, sell-side analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal 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 34.64%.

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.