IQ EQ FUND MANAGEMENT IRELAND Ltd Boosts Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in NXP Semiconductors by 12.2%, owning 31,860 shares valued at approximately $6,055,000 as per its latest 13F filing.
• Analysts have raised their price targets for NXP Semiconductors, with estimates ranging from $210.00 to $275.00, reflecting a consensus rating of "Moderate Buy".
• NXP Semiconductors reported earnings of $2.72 per share, beating expectations and showing a 6.4% decrease in revenue year-over-year.

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,860 shares of the semiconductor provider's stock after buying an additional 3,460 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in NXP Semiconductors were worth $6,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. FMR LLC increased its holdings in NXP Semiconductors by 0.3% during the fourth quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider's stock worth $5,213,861,000 after buying an additional 86,716 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in NXP Semiconductors by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,134,050 shares of the semiconductor provider's stock valued at $1,545,958,000 after purchasing an additional 87,820 shares during the period. Pictet Asset Management Holding SA grew its holdings in NXP Semiconductors by 10.6% in the first quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider's stock worth $858,902,000 after purchasing an additional 432,838 shares during the period. Invesco Ltd. boosted its position in shares of NXP Semiconductors by 10.2% during the fourth quarter. Invesco Ltd. now owns 4,339,344 shares of the semiconductor provider's stock valued at $901,933,000 after buying an additional 402,672 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of NXP Semiconductors by 14.4% during the 4th quarter. Ameriprise Financial Inc. now owns 2,836,756 shares of the semiconductor provider's stock valued at $589,622,000 after acquiring an additional 357,309 shares during the period. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Activity

In other news, CFO William Betz sold 6,785 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the transaction, the chief financial officer directly owned 1,520 shares in the company, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors 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 completion of the transaction, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. This represents a 25.21% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company's stock.

NXP Semiconductors Price Performance

NXPI stock traded down $2.55 during midday trading on Wednesday, reaching $205.92. 2,760,722 shares of the stock were exchanged, compared to its average volume of 2,740,727. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. The company has a fifty day moving average price of $217.43 and a 200 day moving average price of $206.82. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $259.74. The stock has a market capitalization of $51.92 billion, a PE ratio of 24.54, a P/E/G ratio of 2.37 and a beta of 1.41.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. NXP Semiconductors's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.20 EPS. As a group, analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.0%. NXP Semiconductors's payout ratio is presently 48.39%.

Analysts Set New Price Targets

NXPI has been the topic of a number of research reports. Barclays raised their price target on NXP Semiconductors from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group began coverage on shares of NXP Semiconductors in a research note on Thursday, July 10th. They set a "buy" rating and a $276.00 target price for the company. UBS Group increased their price objective on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. KGI Securities raised shares of NXP Semiconductors to a "strong-buy" rating in a research note on Wednesday, July 23rd. Finally, Truist Financial boosted their target price on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $256.05.

NXP Semiconductors 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.