NXP Semiconductors N.V. $NXPI Shares Bought by Cooke & Bieler LP

Cooke & Bieler LP raised its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 18.7% during the fourth quarter, HoldingsChannel reports. The firm owned 109,536 shares of the semiconductor provider’s stock after buying an additional 17,254 shares during the quarter. Cooke & Bieler LP’s holdings in NXP Semiconductors were worth $23,776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPL Wealth Management LLC purchased a new stake in shares of NXP Semiconductors during the 3rd quarter worth $26,000. Wexford Capital LP purchased a new position in NXP Semiconductors in the third quarter valued at $31,000. Kelleher Financial Advisors acquired a new stake in NXP Semiconductors in the third quarter valued at $31,000. Community Bank N.A. purchased a new stake in NXP Semiconductors during the 3rd quarter worth about $37,000. Finally, Cornerstone Planning Group LLC lifted its holdings in NXP Semiconductors by 1,092.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 153 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NXPI has been the topic of several research analyst reports. Cantor Fitzgerald raised their target price on NXP Semiconductors from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Wells Fargo & Company upped their price target on NXP Semiconductors from $235.00 to $265.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Sanford C. Bernstein raised their price objective on shares of NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Citigroup boosted their price objective on shares of NXP Semiconductors from $255.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus upped their target price on shares of NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $294.25.

NXP Semiconductors Price Performance

NXPI stock opened at $316.47 on Tuesday. The company has a market cap of $79.90 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.14 and a beta of 1.77. The company has a fifty day moving average price of $237.25 and a 200 day moving average price of $227.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $316.81.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the firm posted $2.64 EPS. NXP Semiconductors’s revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts expect that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business 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 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s payout ratio is 38.85%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Hardy sold 5,289 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the sale, the executive vice president directly owned 2,020 shares of the company’s stock, valued at $474,700. This represents a 72.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the sale, the executive vice president directly owned 9,942 shares of the company’s stock, valued at $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,865 shares of company stock worth $2,508,416 in the last quarter. Company insiders own 0.12% of the company’s stock.

About NXP Semiconductors

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.