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

China Universal Asset Management Co. Ltd. raised its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 51.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,264 shares of the semiconductor provider's stock after acquiring 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.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $672,224,000. Voloridge Investment Management LLC raised its stake in shares of NXP Semiconductors by 131.4% during the fourth quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after acquiring an additional 582,317 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of NXP Semiconductors by 26,732.0% during the first quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider's stock valued at $110,969,000 after acquiring an additional 581,688 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of NXP Semiconductors by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after acquiring an additional 500,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of NXP Semiconductors by 36.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock valued at $322,764,000 after acquiring an additional 414,932 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Insider Activity at NXP Semiconductors

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 value of $2,100,360.00. Following the sale, 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 sale 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.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several analyst reports. Arete Research raised shares of NXP Semiconductors to a "strong-buy" rating in a report on Tuesday, March 25th. Needham & Company LLC decreased 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 report on Tuesday, April 29th. Citigroup boosted their target price on shares of NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a research note on Monday. Evercore ISI restated an "outperform" rating and issued a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Finally, Wells Fargo & Company upped their price objective on NXP Semiconductors from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average price target of $250.63.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded down $1.92 during trading hours on Wednesday, reaching $230.42. The company's stock had a trading volume of 1,819,134 shares, compared to its average volume of 2,765,447. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. The business has a 50-day simple moving average of $207.24 and a 200 day simple moving average of $205.18. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $296.08. The stock has a market cap of $58.21 billion, a PE ratio of 25.10, a PEG ratio of 2.90 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) 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 firm 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 posted $3.24 earnings per share. NXP Semiconductors's revenue was down 9.3% on a year-over-year basis. Equities 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend 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.