5 Best EV Stocks to Invest In According to Hedge Funds

4. NXP Semiconductors N.V. (NASDAQ:NXPI)

Number of Hedge Fund Holders: 51

On June 11, NXP Semiconductors N.V. (NASDAQ:NXPI) announced an interim dividend. NXP USA, Inc. stated its board approved $1.014 per share for Q2 2026, payable July 9 to shareholders of record June 24. The firm noted “continued and significant strength” in its capital structure and confidence in long-term growth and cash flow.

Separately, on June 9, Wells Fargo raised its price target on  NXP Semiconductors N.V. (NASDAQ:NXPI)  to $305 from $265. The firm maintained an “Equal Weight” rating on the stock. The firm sees “physical AI” fueling gradual demand and estimates a $1.6 billion semiconductor opportunity by 2030 due to humanoid applications.

For the second quarter 2026, the company projected revenue of $3.35 billion to $3.55 billion and gross profit of $1.89 billion to $2.04 billion on a GAAP basis. This showed expected quarterly growth of 5% to 12% and year-over-year expansion of 14% to 21%.

NXP Semiconductors N.V. (NASDAQ:NXPI) is a holding company that provides semiconductor solutions. It operates in China, the Netherlands, the United States, Singapore, Germany, Japan, South Korea, Malaysia, and other countries.