NXP Semiconductors N.V. (NASDAQ:NXPI) Stock Holdings Lifted by ARGA Investment Management LP

ARGA Investment Management LP raised its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 608.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,361 shares of the semiconductor provider's stock after buying an additional 34,666 shares during the quarter. NXP Semiconductors comprises 0.3% of ARGA Investment Management LP's portfolio, making the stock its 27th largest holding. ARGA Investment Management LP's holdings in NXP Semiconductors were worth $7,671,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. grew its holdings in shares of NXP Semiconductors by 51.5% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 6,264 shares of the semiconductor provider's stock valued at $1,196,000 after purchasing an additional 2,128 shares during the last quarter. Alpha Cubed Investments LLC boosted its stake in NXP Semiconductors by 23.5% during the first quarter. Alpha Cubed Investments LLC now owns 6,442 shares of the semiconductor provider's stock worth $1,224,000 after acquiring an additional 1,226 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in NXP Semiconductors by 345.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 35,448 shares of the semiconductor provider's stock worth $6,737,000 after purchasing an additional 27,494 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in NXP Semiconductors by 2.7% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 3,372 shares of the semiconductor provider's stock worth $641,000 after buying an additional 90 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of NXP Semiconductors by 21.9% during the first quarter. TD Private Client Wealth LLC now owns 2,646 shares of the semiconductor provider's stock valued at $503,000 after acquiring an additional 476 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a report on Monday, April 21st. Needham & Company LLC reduced their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Barclays dropped their target price on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company increased their price objective on shares of NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $289.00 target price (up from $237.00) on shares of NXP Semiconductors in a report on Thursday, June 12th. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $250.63.

Insider Activity

In related news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the transaction, the executive vice president owned 27,088 shares in the company, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Down 0.8%

Shares of NASDAQ:NXPI traded down $1.92 during trading on Wednesday, hitting $230.42. 1,819,134 shares of the company were exchanged, compared to its average volume of 2,765,447. The firm's 50 day moving average price is $207.24 and its 200-day moving average price is $205.18. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $296.08. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47. The stock has a market capitalization of $58.21 billion, a P/E ratio of 25.10, a PEG ratio of 2.90 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. NXP Semiconductors's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.24 EPS. On average, research analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.76%. NXP Semiconductors's payout ratio is currently 44.23%.

NXP Semiconductors Company 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.