NXP Semiconductors N.V. $NXPI Stock Position Lessened by Cooke & Bieler LP

Cooke & Bieler LP reduced its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 50.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,611 shares of the semiconductor provider’s stock after selling 121,464 shares during the period. Cooke & Bieler LP’s holdings in NXP Semiconductors were worth $28,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its stake in NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after buying an additional 45 shares during the last quarter. Howard Financial Services LTD. increased its holdings in shares of NXP Semiconductors by 2.9% during the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock worth $412,000 after buying an additional 49 shares in the last quarter. Ballast Advisors LLC increased its holdings in shares of NXP Semiconductors by 0.7% during the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock worth $1,787,000 after buying an additional 61 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of NXP Semiconductors by 6.1% during the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock worth $236,000 after buying an additional 69 shares in the last quarter. Finally, Fulton Bank N.A. raised its stake in shares of NXP Semiconductors by 2.0% in the first quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider’s stock valued at $850,000 after acquiring an additional 84 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on NXPI shares. UBS Group reissued a “neutral” rating and issued a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a report on Monday, August 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Friday, July 31st. TD Cowen dropped their price target on NXP Semiconductors from $290.00 to $275.00 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. raised their price target on NXP Semiconductors from $295.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company cut their price objective on NXP Semiconductors from $280.00 to $235.00 and set an “equal weight” rating for the company in a research report on Tuesday. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $302.30.

NXP Semiconductors Stock Up 2.0%

Shares of NASDAQ:NXPI opened at $242.36 on Thursday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company’s 50-day moving average price is $230.08 and its two-hundred day moving average price is $257.31. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The firm has a market cap of $61.11 billion, a P/E ratio of 20.68, a P/E/G ratio of 0.81 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter last year, the company posted $2.72 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, research analysts forecast that NXP Semiconductors N.V. will post 13.75 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is 34.56%.

More NXP Semiconductors News

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: Shares outperformed the broader market in the latest session, indicating continued near-term investor interest in NXP. NXP Semiconductors Laps the Stock Market: Here’s Why
• Positive Sentiment: GuruFocus estimated NXP’s GF Value at $250.62, above the recently cited share price of $237.60, suggesting the stock may be modestly undervalued based on its valuation model. A Look at NXP Semiconductors After a 3.2% Gain
• Positive Sentiment: TD Cowen maintained a “Buy” rating, although it reduced its price target to $275 from $290. The revised target still implies meaningful upside from recent levels. TD Cowen price-target update
• Neutral Sentiment: Wall Street expects earnings growth in NXP’s report next week, but analysts do not see the company as having the strongest setup for exceeding estimates, making the report an important near-term catalyst. NXP Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Wells Fargo retained its “Hold” or “Equal Weight” stance and cut its price target to $235 from $280, signaling limited confidence in additional gains and placing its valuation below recent trading levels. Wells Fargo Sticks to Its Hold Rating for NXP Semiconductors
• Negative Sentiment: A broader skeptical view of several semiconductor stocks adds caution, particularly because NXP may not have the factors analysts typically associate with a likely earnings beat. 3 Semiconductor Stocks We’re Skeptical Of

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the transaction, the executive vice president owned 7,942 shares in the company, valued at $1,795,209.68. The trade was a 11.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 3,355 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the completion of the transaction, the executive vice president owned 288 shares of the company’s stock, valued at $69,120. This trade represents a 92.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by corporate insiders.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.