Krane Funds Advisors LLC Buys 2,086 Shares of NXP Semiconductors N.V. $NXPI

Krane Funds Advisors LLC lifted its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 29.7% during the 4th quarter, Holdings Channel reports. The firm owned 9,104 shares of the semiconductor provider’s stock after buying an additional 2,086 shares during the quarter. Krane Funds Advisors LLC’s holdings in NXP Semiconductors were worth $1,976,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NXPI. JPL Wealth Management LLC bought a new stake in NXP Semiconductors during the third quarter worth about $26,000. Wexford Capital LP bought a new position in shares of NXP Semiconductors in the third quarter valued at approximately $31,000. Kelleher Financial Advisors acquired a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $31,000. Community Bank N.A. bought a new stake in NXP Semiconductors during the 3rd quarter worth approximately $37,000. Finally, CNB Bank increased its holdings in NXP Semiconductors by 48.8% during the 4th quarter. CNB Bank now owns 180 shares of the semiconductor provider’s stock valued at $39,000 after purchasing an additional 59 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Andrew Hardy sold 5,289 shares of NXP Semiconductors stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the transaction, the executive vice president directly owned 2,020 shares of the company’s stock, valued at $474,700. This trade represents a 72.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the transaction, the executive vice president directly owned 9,942 shares of the company’s stock, valued at $1,934,514.36. This trade represents a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,611 shares of company stock valued at $3,061,078 in the last 90 days. 0.05% of the stock is owned by insiders.

NXP Semiconductors Stock Performance

NXPI stock opened at $295.96 on Monday. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve 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 company has a market cap of $74.72 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 1.07 and a beta of 1.77. The business’s fifty day moving average is $260.21 and its 200-day moving average is $234.72.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the previous year, the firm earned $2.64 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts forecast that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Announces Dividend

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

Wall Street Analyst Weigh In

NXPI has been the topic of several research analyst reports. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Barclays increased their price objective on shares of NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. KeyCorp upped their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. BNP Paribas Exane increased their price target on shares of NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $294.25.

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.