NXP Semiconductors (NASDAQ:NXPI) Position Boosted by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,545 shares of the semiconductor provider's stock after acquiring an additional 9,536 shares during the period. Deprince Race & Zollo Inc.'s holdings in NXP Semiconductors were worth $24,016,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NXPI. Dunhill Financial LLC increased its stake in NXP Semiconductors by 100.8% in the fourth quarter. Dunhill Financial LLC now owns 508 shares of the semiconductor provider's stock valued at $101,000 after purchasing an additional 255 shares during the last quarter. Captrust Financial Advisors grew its holdings in NXP Semiconductors by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 19,755 shares of the semiconductor provider's stock valued at $4,106,000 after purchasing an additional 741 shares during the period. Cary Street Partners Financial LLC acquired a new position in NXP Semiconductors during the fourth quarter worth approximately $3,055,000. Brown Advisory Inc. raised its stake in NXP Semiconductors by 4.0% during the fourth quarter. Brown Advisory Inc. now owns 805,822 shares of the semiconductor provider's stock worth $167,490,000 after purchasing an additional 31,288 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in shares of NXP Semiconductors by 4.3% in the 4th quarter. Baird Financial Group Inc. now owns 20,082 shares of the semiconductor provider's stock valued at $4,174,000 after purchasing an additional 828 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded up $3.96 on Tuesday, hitting $210.99. 1,917,604 shares of the stock traded hands, compared to its average volume of 2,623,899. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The company's fifty day moving average is $188.67 and its 200 day moving average is $209.23. The company has a market capitalization of $53.30 billion, a PE ratio of 21.68, a PEG ratio of 3.01 and a beta of 1.38.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $3.24 earnings per share. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. On average, equities research analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is 44.12%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. TD Cowen increased their target price on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a report on Monday, April 21st. Barclays decreased their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Mizuho raised their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, UBS Group decreased their price objective on shares of NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $250.37.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.