Harvest Fund Management Co. Ltd Grows Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Harvest Fund Management Co. Ltd raised its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 9.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,734 shares of the semiconductor provider’s stock after acquiring an additional 1,013 shares during the period. Harvest Fund Management Co. Ltd’s holdings in NXP Semiconductors were worth $2,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of NXP Semiconductors by 67.2% in the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after acquiring an additional 1,222,736 shares during the period. International Assets Investment Management LLC lifted its holdings in NXP Semiconductors by 24,533.2% during the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after buying an additional 512,253 shares during the period. Ceredex Value Advisors LLC purchased a new position in NXP Semiconductors in the third quarter valued at about $84,901,000. Assenagon Asset Management S.A. raised its stake in shares of NXP Semiconductors by 1,882.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider’s stock worth $92,438,000 after acquiring an additional 326,197 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of NXP Semiconductors by 75.0% during the 2nd quarter. AQR Capital Management LLC now owns 601,370 shares of the semiconductor provider’s stock valued at $161,823,000 after purchasing an additional 257,683 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Up 0.8 %

Shares of NASDAQ:NXPI opened at $226.38 on Monday. NXP Semiconductors has a 52-week low of $198.00 and a 52-week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average of $233.53 and a two-hundred day moving average of $251.40. The stock has a market cap of $57.54 billion, a P/E ratio of 21.60, a PEG ratio of 4.55 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.31 earnings per share. On average, research analysts expect that NXP Semiconductors will post 11.37 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.79%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.74%.

Analyst Ratings Changes

Several research firms have weighed in on NXPI. Loop Capital began coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. Evercore ISI dropped their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Mizuho set a $290.00 target price on NXP Semiconductors in a report on Friday, October 18th. Truist Financial cut their price target on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Needham & Company LLC dropped their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $274.14.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

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.