Baird Financial Group Inc. Boosts Stake in NXP Semiconductors NV (NXPI)

Baird Financial Group Inc. grew its stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 1,274.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,700 shares of the semiconductor provider’s stock after acquiring an additional 41,448 shares during the period. Baird Financial Group Inc.’s holdings in NXP Semiconductors were worth $3,801,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in shares of NXP Semiconductors by 3.9% during the 2nd quarter. Sterling Capital Management LLC now owns 16,060 shares of the semiconductor provider’s stock worth $1,755,000 after purchasing an additional 600 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of NXP Semiconductors by 1.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 43,432 shares of the semiconductor provider’s stock worth $3,712,000 after purchasing an additional 622 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of NXP Semiconductors by 1.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,464 shares of the semiconductor provider’s stock worth $4,531,000 after purchasing an additional 629 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of NXP Semiconductors by 0.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 67,280 shares of the semiconductor provider’s stock worth $5,752,000 after purchasing an additional 630 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in shares of NXP Semiconductors by 34.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,569 shares of the semiconductor provider’s stock worth $220,000 after purchasing an additional 652 shares in the last quarter. Institutional investors own 75.58% of the company’s stock.

Shares of NASDAQ NXPI opened at $76.50 on Friday. NXP Semiconductors NV has a 52-week low of $69.72 and a 52-week high of $125.93. The firm has a market cap of $28.12 billion, a PE ratio of 10.65, a P/E/G ratio of 1.07 and a beta of 0.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 0.87.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, October 31st. The semiconductor provider reported $1.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.13. NXP Semiconductors had a net margin of 28.38% and a return on equity of 18.08%. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.43 billion. As a group, sell-side analysts expect that NXP Semiconductors NV will post 6.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. NXP Semiconductors’s payout ratio is 11.84%.

A number of research analysts have recently weighed in on NXPI shares. Cowen started coverage on shares of NXP Semiconductors in a research note on Friday, September 7th. They set an “outperform” rating and a $111.00 price objective for the company. Credit Suisse Group started coverage on shares of NXP Semiconductors in a research note on Friday, September 7th. They set an “outperform” rating and a $125.00 price objective for the company. Stifel Nicolaus cut shares of NXP Semiconductors from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $99.00 to $84.00 in a research note on Wednesday, September 12th. Mizuho reissued a “buy” rating and set a $115.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, September 12th. Finally, Bank of America raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $120.00 in a research note on Monday, September 17th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $101.97.

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NXP Semiconductors Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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