E Fund Management Co. Ltd. Purchases Shares of 15,671 NXP Semiconductors N.V. $NXPI

E Fund Management Co. Ltd. purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,671 shares of the semiconductor provider’s stock, valued at approximately $4,404,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of NXP Semiconductors during the second quarter valued at about $6,716,412,000. Vanguard Group Inc. grew its stake in shares of NXP Semiconductors by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock worth $2,954,739,000 after purchasing an additional 293,558 shares during the last quarter. State Street Corp increased its holdings in NXP Semiconductors by 0.5% during the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock valued at $2,407,382,000 after purchasing an additional 55,098 shares during the period. Invesco Ltd. increased its holdings in NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after purchasing an additional 818,985 shares during the period. Finally, Geode Capital Management LLC raised its position in NXP Semiconductors by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock valued at $1,180,572,000 after purchasing an additional 30,804 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. The trade was a 32.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Trading Down 1.1%

NXPI opened at $226.02 on Thursday. The stock has a market cap of $56.99 billion, a PE ratio of 19.28, a PEG ratio of 0.78 and a beta of 1.81. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average of $269.13 and a 200-day moving average of $252.57. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.09. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.72 earnings per share. Equities research analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 34.64%.

Wall Street Analyst Weigh In

NXPI has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Loop Capital boosted their target price on NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Citigroup restated a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Jefferies Financial Group lifted their price target on shares of NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Evercore boosted their price objective on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $305.43.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.