5 Most Undervalued EV Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Holders: 45

Netherlands-based NXP Semiconductors N.V. (NASDAQ:NXPI) is one of the most notable companies set to profit from the ongoing EV revolution. NXP Semiconductors N.V. (NASDAQ:NXPI)’s products and solutions span across the entire EV ecosystem, including batteries, fast charging, and load balancing across entire grids.

Last month, NXP Semiconductors N.V. (NASDAQ:NXPI) announced that it was partnering with e-mobility battery management software company Qnovo. According to the partnership, NXP Semiconductors N.V. (NASDAQ:NXPI) will offer Qnovo’s new SpectralX Battery Management Software in its e-mobility enablement solutions for electric vehicles, including two-wheeled and other EVs.

Earlier this year, NXP Semiconductors N.V. (NASDAQ:NXPI) announced a quarterly dividend of $1.014 per share, which was a massive, 20% increase from the prior dividend. The dividend is payable on April 15.

As of the end of the fourth quarter of 2022, 45 hedge funds tracked by Insider Monkey reported owning stakes in NXP Semiconductors N.V. (NASDAQ:NXPI).