NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Acquired by China Universal Asset Management Co. Ltd.

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

Several other hedge funds also recently bought and sold shares of NXPI. Runnymede Capital Advisors Inc. purchased a new position in NXP Semiconductors during the fourth quarter worth about $32,000. Valley National Advisers Inc. boosted its stake in NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after buying an additional 126 shares during the period. Ameriflex Group Inc. purchased a new position in NXP Semiconductors during the fourth quarter worth about $44,000. Rossby Financial LCC purchased a new position in NXP Semiconductors during the first quarter worth about $46,000. Finally, GoalVest Advisory LLC boosted its stake in shares of NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Down 1.8%

NASDAQ:NXPI traded down $4.27 during mid-day trading on Friday, hitting $228.92. The stock had a trading volume of 1,869,805 shares, compared to its average volume of 2,767,401. The stock has a 50-day simple moving average of $210.01 and a two-hundred day simple moving average of $205.58. The company has a market capitalization of $57.83 billion, a PE ratio of 24.94, a PEG ratio of 2.91 and a beta of 1.40. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $296.08. 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 (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter last year, the company earned $3.24 earnings per share. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.77%. NXP Semiconductors's payout ratio is currently 44.23%.

Insiders Place Their Bets

In other NXP Semiconductors 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 transaction of $2,100,360.00. Following the sale, the executive vice president owned 27,088 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on NXPI. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research note on Monday, April 21st. TD Cowen raised their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Wells Fargo & Company raised their price objective on shares of NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Needham & Company LLC lowered 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. Finally, Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $251.63.

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.