Penserra Capital Management LLC Grows Holdings in NXP Semiconductors N.V. (NASDAQ:NXPI)

Penserra Capital Management LLC lifted its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 39.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,401 shares of the semiconductor provider's stock after purchasing an additional 20,992 shares during the period. Penserra Capital Management LLC's holdings in NXP Semiconductors were worth $14,139,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $672,224,000. Voloridge Investment Management LLC boosted its holdings 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 worth $213,154,000 after purchasing an additional 582,317 shares during the period. GAMMA Investing LLC boosted its holdings 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 worth $110,969,000 after purchasing an additional 581,688 shares during the period. Pictet Asset Management Holding SA boosted its holdings 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 worth $849,336,000 after purchasing an additional 500,413 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings 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 worth $322,764,000 after purchasing an additional 414,932 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the transaction, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. The trade was a 25.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NXPI shares. 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 report on Wednesday, April 30th. UBS Group boosted their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Barclays lowered their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Arete Research upgraded shares of NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. Finally, Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and a consensus target price of $249.28.

NXP Semiconductors Price Performance

Shares of NXPI stock traded up $7.68 during trading on Tuesday, hitting $233.68. The company had a trading volume of 378,396 shares, compared to its average volume of 2,748,197. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. The stock's 50-day moving average is $206.25 and its two-hundred day moving average is $204.99. The stock has a market capitalization of $59.03 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 2.89 and a beta of 1.40. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.24 earnings per share. As a group, analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's payout ratio is 44.12%.

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.