Elo Mutual Pension Insurance Co Has $3.38 Million Position in NXP Semiconductors N.V. $NXPI

Elo Mutual Pension Insurance Co grew its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 38.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 15,481 shares of the semiconductor provider’s stock after acquiring an additional 4,322 shares during the period. Elo Mutual Pension Insurance Co’s holdings in NXP Semiconductors were worth $3,382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hemington Wealth Management lifted its position in shares of NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 59 shares during the period. Brown Lisle Cummings Inc. grew its stake in shares of NXP Semiconductors by 121.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 84 shares during the period. True Wealth Design LLC grew its stake in NXP Semiconductors by 375.6% in the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock valued at $43,000 after acquiring an additional 154 shares during the period. Legacy Investment Solutions LLC acquired a new stake in NXP Semiconductors in the 2nd quarter valued at $43,000. Finally, Hilltop National Bank acquired a new position in shares of NXP Semiconductors during the second quarter valued at about $44,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jennifer Wuamett sold 8,372 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $207.01, for a total value of $1,733,087.72. Following the transaction, the executive vice president directly owned 19,175 shares of the company’s stock, valued at approximately $3,969,416.75. This represents a 30.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total value of $216,210.00. Following the transaction, the executive vice president directly owned 6,828 shares in the company, valued at approximately $1,476,281.88. The trade was a 12.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on NXPI. Stifel Nicolaus set a $215.00 price target on NXP Semiconductors in a report on Tuesday, October 28th. Sanford C. Bernstein set a $220.00 target price on shares of NXP Semiconductors and gave the company a “market perform” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Truist Financial lifted their target price on NXP Semiconductors from $252.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Evercore ISI upped their target price on NXP Semiconductors from $289.00 to $292.00 in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $252.47.

NXP Semiconductors Stock Up 1.4%

Shares of NASDAQ:NXPI opened at $193.76 on Thursday. The stock has a 50 day moving average price of $212.49 and a 200-day moving average price of $216.41. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.20 and a current ratio of 2.37. The firm has a market capitalization of $48.76 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.53 and a beta of 1.47. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $255.45.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the firm posted $3.45 EPS. The business’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a yield of 2.1%. NXP Semiconductors’s payout ratio is presently 50.12%.

NXP Semiconductors Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.