Oak Associates Ltd. OH Has $33.58 Million Stock Position in NXP Semiconductors N.V. $NXPI

Oak Associates Ltd. OH lessened its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 10.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 170,563 shares of the semiconductor provider’s stock after selling 20,000 shares during the period. NXP Semiconductors makes up approximately 2.3% of Oak Associates Ltd. OH’s portfolio, making the stock its 13th biggest position. Oak Associates Ltd. OH’s holdings in NXP Semiconductors were worth $33,577,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. MCF Advisors LLC lifted its stake in shares of NXP Semiconductors by 25.3% in the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock valued at $46,000 after acquiring an additional 43 shares during the last quarter. Aptus Capital Advisors LLC grew its position in NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after acquiring an additional 43 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in NXP Semiconductors by 0.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock worth $1,829,000 after purchasing an additional 50 shares in the last quarter. IHT Wealth Management LLC increased its holdings in NXP Semiconductors by 4.6% in the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock worth $261,000 after purchasing an additional 52 shares in the last quarter. Finally, Equitable Holdings Inc. raised its position in NXP Semiconductors by 1.4% in the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock valued at $828,000 after purchasing an additional 54 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 0.5%

NASDAQ NXPI opened at $277.29 on Friday. The business’s 50-day moving average price is $296.33 and its two-hundred day moving average price is $252.24. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The firm has a market capitalization of $70.01 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 1.16 and a beta of 1.79. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the firm posted $2.64 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts expect that NXP Semiconductors N.V. will post 13.46 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is currently 38.85%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NXPI shares. Susquehanna lifted their price target on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald upped their price objective on NXP Semiconductors from $380.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. KeyCorp raised their price objective on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Raymond James Financial lifted their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings raised shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $306.59.

Insider Activity at NXP Semiconductors

In other news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction on 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 approximately $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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, 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 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. 0.05% of the stock is currently owned by company insiders.

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.