O Shaughnessy Asset Management LLC Raises Holdings in NXP Semiconductors N.V. $NXPI

O Shaughnessy Asset Management LLC grew its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,481 shares of the semiconductor provider’s stock after purchasing an additional 2,525 shares during the period. O Shaughnessy Asset Management LLC’s holdings in NXP Semiconductors were worth $7,702,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. MCF Advisors LLC raised its position in shares of NXP Semiconductors by 25.3% during the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock valued at $46,000 after buying an additional 43 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of NXP Semiconductors by 0.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock valued at $1,829,000 after buying an additional 50 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of NXP Semiconductors by 4.6% during the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after buying an additional 52 shares in the last quarter. Washington Capital Management Inc. raised its position in shares of NXP Semiconductors by 1.8% during the 4th quarter. Washington Capital Management Inc. now owns 3,035 shares of the semiconductor provider’s stock valued at $659,000 after buying an additional 55 shares in the last quarter. Finally, Equitable Trust Co. raised its position in shares of NXP Semiconductors by 0.7% during the 4th quarter. Equitable Trust Co. now owns 7,706 shares of the semiconductor provider’s stock valued at $1,673,000 after buying an additional 56 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on NXPI shares. Truist Financial upped their target price on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Susquehanna upped their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Bank of America restated a “neutral” rating and set a $230.00 target price (down from $245.00) on shares of NXP Semiconductors in a research report on Monday, April 13th. Jefferies Financial Group upped their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Barclays upped their target price on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $295.92.

Insider Buying and Selling

In related news, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total value 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. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the transaction, the executive vice president directly owned 2,020 shares in the company, valued at approximately $474,700. This trade represents a 72.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,611 shares of company stock valued at $3,061,078 in the last ninety days. 0.05% of the stock is owned by company insiders.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $285.56 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The firm has a market capitalization of $72.10 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 1.07 and a beta of 1.77. The company’s 50-day moving average is $266.37 and its 200 day moving average is $236.99.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the company posted $2.64 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Research analysts forecast that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

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.