Krane Funds Advisors LLC Has $1.98 Million Stock Position in NXP Semiconductors N.V. $NXPI

Krane Funds Advisors LLC increased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 29.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,104 shares of the semiconductor provider’s stock after acquiring an additional 2,086 shares during the quarter. Krane Funds Advisors LLC’s holdings in NXP Semiconductors were worth $1,976,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NXPI. Vanguard Group Inc. grew its holdings in shares of NXP Semiconductors by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock valued at $2,954,739,000 after buying an additional 293,558 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of NXP Semiconductors by 11.9% in the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after purchasing an additional 1,333,920 shares in the last quarter. State Street Corp boosted its holdings in shares of NXP Semiconductors by 0.5% during the third quarter. State Street Corp now owns 10,988,061 shares of the semiconductor provider’s stock worth $2,512,283,000 after purchasing an additional 53,261 shares during the period. Massachusetts Financial Services Co. MA grew its position in NXP Semiconductors by 1.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock valued at $1,703,865,000 after purchasing an additional 121,419 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in NXP Semiconductors by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider’s stock worth $1,180,572,000 after buying an additional 30,804 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NXPI. Bank of America reaffirmed a “neutral” rating and issued a $230.00 price target (down from $245.00) on shares of NXP Semiconductors in a research note on Monday, April 13th. Citigroup lifted their price target on NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Finally, Truist Financial lifted their price objective on shares of NXP Semiconductors from $255.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $294.25.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $295.96 on Monday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The firm has a market cap of $74.72 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.07 and a beta of 1.77. The stock has a 50 day moving average of $260.21 and a 200-day moving average of $234.72.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.98 by $0.07. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.64 EPS. On average, equities analysts predict that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 1.4%. NXP Semiconductors’s dividend payout ratio is 38.85%.

Insider Buying and Selling 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, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the sale, the executive vice president owned 9,942 shares in the company, valued at approximately $1,934,514.36. This trade represents a 9.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher L. Jensen sold 4,576 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total value of $1,070,921.28. Following the sale, the executive vice president owned 5,389 shares in the company, valued at approximately $1,261,187.67. This represents a 45.92% 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. Insiders sold a total of 12,611 shares of company stock valued at $3,061,078 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors 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.