China Universal Asset Management Co. Ltd. Acquires 8,497 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• China Universal Asset Management acquired 8,497 NXP Semiconductors shares worth approximately $2.02 million in the third quarter. Institutional investors and hedge funds collectively own 90.54% of NXPI.
• NXP reported third-quarter adjusted EPS of $4.20 and revenue of $3.79 billion, beating estimates, with revenue up 19.3% year over year. However, fourth-quarter revenue guidance of roughly $3.85 billion fell slightly below expectations.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $295.78, while NXP expanded its share-repurchase authorization by $5 billion, bringing total buyback capacity to approximately $6.3 billion.

China Universal Asset Management Co. Ltd. acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,497 shares of the semiconductor provider's stock, valued at approximately $2,016,000.

Other large investors have also recently bought and sold shares of the company. Gamco Investors INC. ET AL raised its position in NXP Semiconductors by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock worth $454,000 after purchasing an additional 45 shares during the last quarter. Howard Financial Services LTD. boosted its position in NXP Semiconductors by 2.9% during the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider's stock worth $412,000 after purchasing an additional 49 shares during the period. Ballast Advisors LLC lifted its holdings in NXP Semiconductors by 0.7% during the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider's stock worth $1,787,000 after purchasing an additional 61 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in NXP Semiconductors by 6.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider's stock worth $236,000 after acquiring an additional 69 shares during the period. Finally, Fulton Bank N.A. lifted its stake in NXP Semiconductors by 2.0% in the 1st quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider's stock worth $850,000 after purchasing an additional 84 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the sale, the executive vice president owned 7,942 shares in the company, valued at approximately $1,795,209.68. The trade was a 11.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the transaction, the executive vice president directly owned 288 shares in the company, valued at $69,120. This represents a 92.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of NXP Semiconductors from $295.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, July 29th. Truist Financial reduced their target price on shares of NXP Semiconductors from $310.00 to $300.00 and set a "buy" rating on the stock in a report on Wednesday. Sanford C. Bernstein reiterated a "market perform" rating and issued a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Wells Fargo & Company boosted their price objective on NXP Semiconductors from $235.00 to $245.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Wall Street Zen lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $295.78.

Key NXP Semiconductors News

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: NXP reported third-quarter adjusted EPS of $4.20 and revenue of $3.79 billion, exceeding consensus estimates. Revenue increased 19.3% year over year, supported by broad-based growth in automotive and industrial markets. The 5 most interesting analyst questions from NXP Semiconductors’s Q3 earnings call
• Positive Sentiment: Management highlighted double-digit growth across every geographic region and identified software-defined vehicles, industrial applications and data centers as longer-term growth drivers. Data-center revenue is expected to exceed $500 million in 2026, with potential to surpass $1 billion in coming years. NXPI Q3 deep dive
• Positive Sentiment: The company added $5 billion to its share-repurchase authorization, bringing total capacity to approximately $6.3 billion—roughly 9.5% of its market capitalization—and indicated that buybacks could accelerate beginning in the fourth quarter. 3 Tech Stocks Boosting Buyback Capacity
• Neutral Sentiment: Analyst views remain divided. Needham and Oppenheimer maintained bullish ratings, while Wells Fargo kept a Hold rating. Truist retained a Buy rating but lowered its target to $300 from $310, and Stifel also cut its target. Truist adjusts price target
• Negative Sentiment: Fourth-quarter revenue guidance of approximately $3.85 billion came in slightly below Wall Street expectations. That cautious outlook overshadowed the earnings beat and raised concerns about near-term automotive and industrial demand. NXP falls after strong earnings
• Negative Sentiment: Broader semiconductor weakness, including concerns about the sustainability of AI investment and auto-chip demand, is adding pressure to NXPI’s valuation despite its longer-term data-center opportunity. Auto chip demand fears

NXP Semiconductors Trading Down 2.4%

NXPI stock opened at $259.61 on Friday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a market capitalization of $65.43 billion, a PE ratio of 20.41, a P/E/G ratio of 0.90 and a beta of 1.80. The firm's 50-day moving average is $232.97 and its 200 day moving average is $246.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.36.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The semiconductor provider reported $4.20 EPS for the quarter, beating the consensus estimate of $4.12 by $0.08. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm posted $3.11 earnings per share. The business's revenue for the quarter was up 19.3% on a year-over-year basis. On average, research analysts anticipate that NXP Semiconductors N.V. will post 13.80 EPS for the current year.

NXP Semiconductors declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, October 27th that authorizes the company to repurchase $5 billion in shares. This buyback authorization authorizes the semiconductor provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, September 16th. NXP Semiconductors's payout ratio is 34.64%.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.