Rafferty Asset Management LLC Has $233.14 Million Holdings in NXP Semiconductors N.V. $NXPI

Key Points

• Rafferty Asset Management LLC reduced its stake in NXP Semiconductors by 10%, now holding approximately 1.0% of its portfolio, amounting to 1,226,645 shares after selling 136,669 shares.
• Various institutional investors, including Wellington Management and Ameriprise Financial, have increased their holdings in NXP Semiconductors, indicating overall positive sentiment among hedge funds with 90.54% of the stock owned by such investors.
• Analysts have raised their price targets significantly for NXP Semiconductors, with most now recommending a Buy, leading to an average target price of $256.05.

Rafferty Asset Management LLC cut its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 10.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,226,645 shares of the semiconductor provider's stock after selling 136,669 shares during the period. NXP Semiconductors accounts for about 1.0% of Rafferty Asset Management LLC's investment portfolio, making the stock its 20th biggest holding. Rafferty Asset Management LLC owned 0.49% of NXP Semiconductors worth $233,136,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of NXP Semiconductors by 11.7% during 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 purchasing an additional 1,330,474 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of NXP Semiconductors by 1.1% in 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 buying an additional 87,820 shares in the last quarter. Invesco Ltd. increased its holdings in NXP Semiconductors by 8.2% during the first quarter. Invesco Ltd. now owns 4,693,126 shares of the semiconductor provider's stock worth $891,975,000 after buying an additional 353,782 shares during the last quarter. Pictet Asset Management Holding SA raised 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 worth $858,902,000 after acquiring an additional 432,838 shares in the last quarter. Finally, Ameriprise Financial Inc. raised 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 worth $647,387,000 after acquiring an additional 567,831 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. KGI Securities raised shares of NXP Semiconductors to a "strong-buy" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company upped their target price on shares of NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on NXP Semiconductors from $205.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Evercore ISI reissued an "outperform" rating and set a $289.00 price target (up previously from $237.00) on shares of NXP Semiconductors in a research report on Thursday, June 12th. Finally, Stifel Nicolaus upped their price objective on NXP Semiconductors from $170.00 to $210.00 and gave the company a "hold" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $256.05.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded up $1.40 on Thursday, hitting $239.07. The stock had a trading volume of 1,615,746 shares, compared to its average volume of 2,651,797. The stock has a market cap of $60.27 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 2.69 and a beta of 1.41. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $257.61. The business's 50 day moving average is $223.56 and its two-hundred day moving average is $208.39.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.06. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%.The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.90 billion. During the same period last year, the firm posted $3.20 EPS. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. Analysts forecast 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 will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors's dividend payout ratio (DPR) is presently 48.39%.

Insider Activity at NXP Semiconductors

In related 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 transaction of $1,542,501.90. Following the transaction, the chief financial officer directly owned 1,520 shares of the company's stock, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Rafael Sotomayor sold 2,000 shares of NXP Semiconductors 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 completion of the sale, the president owned 4,958 shares of the company's stock, valued at approximately $1,088,628.06. The trade was a 28.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,917 shares of company stock worth $4,082,002. Corporate insiders own 0.12% of the company's stock.

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.