China Universal Asset Management Co. Ltd. Boosts Stock Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

China Universal Asset Management Co. Ltd. grew its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 51.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,264 shares of the semiconductor provider's stock after acquiring an additional 2,128 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in NXP Semiconductors were worth $1,196,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NXPI. Brighton Jones LLC grew its holdings in NXP Semiconductors by 20.6% during the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after acquiring an additional 218 shares during the period. Proficio Capital Partners LLC bought a new stake in NXP Semiconductors in the 4th quarter valued at about $3,931,000. Larson Financial Group LLC increased its position in NXP Semiconductors by 99.6% in the 4th quarter. Larson Financial Group LLC now owns 1,810 shares of the semiconductor provider's stock valued at $376,000 after buying an additional 903 shares in the last quarter. Personal CFO Solutions LLC increased its position in NXP Semiconductors by 8.8% in the 4th quarter. Personal CFO Solutions LLC now owns 3,120 shares of the semiconductor provider's stock valued at $648,000 after buying an additional 252 shares in the last quarter. Finally, United Community Bank increased its position in NXP Semiconductors by 32.8% in the 4th quarter. United Community Bank now owns 506 shares of the semiconductor provider's stock valued at $105,000 after buying an additional 125 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. KeyCorp boosted their target price on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday. UBS Group lifted their price target on NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Stifel Nicolaus cut their price target on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, Barclays cut their price target on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $251.63.

Insiders Place Their Bets

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

NXP Semiconductors Price Performance

Shares of NXPI traded down $3.43 during mid-day trading on Friday, reaching $229.77. 401,462 shares of the stock traded hands, compared to its average volume of 3,032,743. The firm has a fifty day moving average price of $209.19 and a 200 day moving average price of $205.48. The company has a market cap of $58.05 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 2.87 and a beta of 1.40. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $296.08.

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

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 annualized dividend and a yield of 1.77%. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.12%.

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.