E Fund Management Co. Ltd. Boosts Stock Holdings in NXP Semiconductors N.V. $NXPI

Key Points

• E Fund Management Co. Ltd. increased its stake in NXP Semiconductors by 43.3%, owning 11,825 shares valued at approximately $2.25 million.
• NXP Semiconductors reported a net margin of 17.72% and earnings per share of $2.72, surpassing expectations of $2.66 in its latest earnings report.
• Analysts have given NXP Semiconductors a consensus rating of "Moderate Buy" with a target price of $256.05, indicating strong confidence in the company's future performance.

E Fund Management Co. Ltd. boosted its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 43.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,825 shares of the semiconductor provider's stock after acquiring an additional 3,575 shares during the period. E Fund Management Co. Ltd.'s holdings in NXP Semiconductors were worth $2,247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NXPI. Hemington Wealth Management grew its position in shares of NXP Semiconductors by 50.0% in the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 59 shares in the last quarter. Valley National Advisers Inc. grew its position in shares of NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after purchasing an additional 126 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of NXP Semiconductors in the fourth quarter valued at $44,000. Rossby Financial LCC purchased a new position in shares of NXP Semiconductors in the first quarter valued at $46,000. Finally, GoalVest Advisory LLC grew its position 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 in the last quarter. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI traded up $3.23 during trading hours on Monday, hitting $232.01. The company had a trading volume of 2,469,789 shares, compared to its average volume of 3,025,045. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $259.74. The company has a market cap of $58.49 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 2.59 and a beta of 1.41. The business has a 50 day moving average of $220.17 and a 200-day moving average of $206.89.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same period in the prior year, the company earned $3.20 earnings per share. The business's revenue was down 6.4% compared to the same quarter last year. As a group, equities research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current 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 given a $1.014 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors's dividend payout ratio is currently 48.27%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NXPI shares. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research report on Monday, April 21st. Barclays boosted their target price on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group initiated coverage on NXP Semiconductors in a research report on Thursday, July 10th. They set a "buy" rating and a $276.00 target price for the company. Wells Fargo & Company lifted their price target on NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $256.05.

Insider Activity

In related news, President Rafael Sotomayor sold 2,000 shares of the company's stock in a transaction that occurred 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 transaction, the president owned 4,958 shares of the company's stock, valued at approximately $1,088,628.06. This represents a 28.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jennifer Wuamett sold 9,132 shares of the company'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 transaction, the executive vice president directly owned 27,088 shares in the company, valued at $6,230,240. The trade was a 25.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,917 shares of company stock worth $4,082,002 over the last ninety days. 0.12% of the stock is currently owned by insiders.

About NXP Semiconductors

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.