E Fund Management Co. Ltd. Trims Stock Position in NXP Semiconductors (NASDAQ:NXPI)

E Fund Management Co. Ltd. reduced its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,397 shares of the semiconductor provider’s stock after selling 377 shares during the quarter. E Fund Management Co. Ltd.’s holdings in NXP Semiconductors were worth $1,010,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Operose Advisors LLC acquired a new position in NXP Semiconductors during the third quarter worth $26,000. BluePath Capital Management LLC purchased a new position in NXP Semiconductors in the 3rd quarter valued at about $28,000. Valley National Advisers Inc. boosted its holdings in NXP Semiconductors by 98.6% in the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after buying an additional 68 shares during the last quarter. Paradigm Asset Management Co. LLC increased its stake in NXP Semiconductors by 100.0% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock worth $40,000 after buying an additional 100 shares in the last quarter. Finally, Atticus Wealth Management LLC raised its holdings in shares of NXP Semiconductors by 358.7% during the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock valued at $42,000 after acquiring an additional 165 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of recent research reports. Needham & Company LLC boosted their price target on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group upped their price target on NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Argus lifted their price objective on NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. UBS Group upped their target price on NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Wolfe Research upgraded NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price target on the stock in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.72.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded up $1.56 during midday trading on Wednesday, hitting $260.21. The company had a trading volume of 1,565,889 shares, compared to its average volume of 2,380,646. NXP Semiconductors has a 52-week low of $161.23 and a 52-week high of $264.26. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.64. The company’s 50 day simple moving average is $243.53 and its 200 day simple moving average is $222.94. The stock has a market cap of $66.53 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 0.94 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. Research analysts anticipate that NXP Semiconductors will post 12.41 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.56%. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

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.