Oppenheimer Asset Management Inc. Buys 3,059 Shares of NXP Semiconductors (NASDAQ:NXPI)

Oppenheimer Asset Management Inc. grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 11.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,004 shares of the semiconductor provider’s stock after purchasing an additional 3,059 shares during the period. Oppenheimer Asset Management Inc.’s holdings in NXP Semiconductors were worth $7,805,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new stake in NXP Semiconductors in the first quarter worth $25,000. FinTrust Capital Advisors LLC raised its stake in shares of NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after acquiring an additional 49 shares during the period. Family Firm Inc. bought a new stake in shares of NXP Semiconductors in the 2nd quarter worth about $27,000. Addison Advisors LLC boosted its stake in shares of NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares during the period. Finally, LifeSteps Financial Inc. bought a new position in NXP Semiconductors during the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

In related news, insider Julie Southern acquired 146 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Up 2.1 %

Shares of NXPI stock opened at $229.93 on Monday. The stock’s fifty day moving average price is $252.50 and its 200 day moving average price is $255.04. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08. The company has a market cap of $58.57 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.04 earnings per share. On average, research analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.76%. NXP Semiconductors’s payout ratio is 37.49%.

Analysts Set New Price Targets

Several research analysts have issued reports on NXPI shares. Morgan Stanley dropped their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Needham & Company LLC boosted their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Truist Financial reduced their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus boosted their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Finally, TD Cowen decreased their price objective on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $294.89.

About NXP Semiconductors

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.