MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 5,842 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NXP Semiconductors by 1.5%, acquiring an additional 5,842 shares, bringing its total holdings to about 399,898 shares valued at approximately $76 million.
• Several institutional investors have also raised their positions in NXP Semiconductors, with Wellington Management acquiring the largest additional stake of 1,330,474 shares, increasing their ownership by 11.7%.
• Recent analyses from various firms have boosted NXP Semiconductors' price targets, with UBS Group increasing their target from $250 to $276 and giving the stock a "buy" rating.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 1.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 399,898 shares of the semiconductor provider's stock after buying an additional 5,842 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.16% of NXP Semiconductors worth $76,000,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in NXP Semiconductors by 11.7% in the 1st quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider's stock worth $2,419,662,000 after buying an additional 1,330,474 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in NXP Semiconductors by 1.1% during the first 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. Invesco Ltd. lifted its position in NXP Semiconductors by 8.2% during the first quarter. Invesco Ltd. now owns 4,693,126 shares of the semiconductor provider's stock valued at $891,975,000 after purchasing an additional 353,782 shares during the period. Pictet Asset Management Holding SA lifted its position in NXP Semiconductors by 10.6% during the first quarter. Pictet Asset Management Holding SA now owns 4,519,132 shares of the semiconductor provider's stock valued at $858,902,000 after purchasing an additional 432,838 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in NXP Semiconductors by 20.0% during the first quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider's stock valued at $647,387,000 after purchasing an additional 567,831 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. KGI Securities upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Wednesday, July 23rd. UBS Group increased their price objective on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group assumed coverage on shares of NXP Semiconductors in a research report on Thursday, July 10th. They set a "buy" rating and a $276.00 price objective on the stock. Finally, KeyCorp increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.05.

Insider Activity

In other news, President Rafael Sotomayor sold 2,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total transaction of $439,140.00. Following the sale, the president directly owned 4,958 shares in the company, valued at $1,088,628.06. This trade represents a 28.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction 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 in the company, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,917 shares of company stock worth $4,082,002 in the last three months. Company insiders own 0.12% of the company's stock.

NXP Semiconductors Trading Up 0.6%

Shares of NASDAQ:NXPI opened at $226.74 on Friday. The stock has a 50 day moving average of $225.41 and a 200 day moving average of $208.77. The company has a market cap of $57.16 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.55 and a beta of 1.43. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $256.62.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.66 by $0.06. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The company's revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm earned $3.20 EPS. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. As a group, equities research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, September 17th. NXP Semiconductors's dividend payout ratio (DPR) is presently 48.27%.

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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.