NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 12.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,919 shares of the semiconductor provider’s stock after selling 538 shares during the period. Harvest Fund Management Co. Ltd’s holdings in NXP Semiconductors were worth $848,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NXPI. International Assets Investment Management LLC boosted its stake in NXP Semiconductors by 2.8% in the third quarter. International Assets Investment Management LLC now owns 2,440 shares of the semiconductor provider’s stock valued at $480,000 after acquiring an additional 67 shares in the last quarter. CWM LLC boosted its stake in NXP Semiconductors by 14.3% in the third quarter. CWM LLC now owns 4,181 shares of the semiconductor provider’s stock valued at $836,000 after acquiring an additional 523 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in NXP Semiconductors by 1,235.3% in the third quarter. Geneos Wealth Management Inc. now owns 227 shares of the semiconductor provider’s stock valued at $45,000 after acquiring an additional 210 shares in the last quarter. IFP Advisors Inc boosted its stake in NXP Semiconductors by 34.0% in the third quarter. IFP Advisors Inc now owns 1,245 shares of the semiconductor provider’s stock valued at $249,000 after acquiring an additional 316 shares in the last quarter. Finally, HB Wealth Management LLC boosted its stake in NXP Semiconductors by 22.6% in the third quarter. HB Wealth Management LLC now owns 2,616 shares of the semiconductor provider’s stock valued at $523,000 after acquiring an additional 483 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NXPI shares. Wolfe Research upgraded shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price objective for the company in a research note on Thursday, January 18th. Morgan Stanley upped their target price on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Cantor Fitzgerald upped their target price on shares of NXP Semiconductors from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Truist Financial upped their target price on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Mizuho upped their target price on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $242.29.

NXP Semiconductors Price Performance

NXPI traded up $6.95 on Tuesday, hitting $225.61. 2,700,884 shares of the company were exchanged, compared to its average volume of 2,338,673. The business’s fifty day moving average is $240.90 and its 200 day moving average is $219.18. The firm has a market capitalization of $57.78 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 0.81 and a beta of 1.59. NXP Semiconductors has a fifty-two week low of $155.31 and a fifty-two week high of $264.26. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. As a group, sell-side analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.80%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.91%.

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.