Barrow Hanley Mewhinney & Strauss LLC Purchases Shares of 1,411,034 NXP Semiconductors N.V. $NXPI

Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,411,034 shares of the semiconductor provider's stock, valued at approximately $396,543,000. NXP Semiconductors accounts for 1.2% of Barrow Hanley Mewhinney & Strauss LLC's investment portfolio, making the stock its 27th biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned about 0.56% of NXP Semiconductors at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MGO One Seven LLC grew its holdings in NXP Semiconductors by 63.0% in the 4th quarter. MGO One Seven LLC now owns 13,870 shares of the semiconductor provider's stock valued at $3,011,000 after buying an additional 5,359 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of NXP Semiconductors by 16.4% during the fourth quarter. Teacher Retirement System of Texas now owns 45,366 shares of the semiconductor provider's stock worth $9,847,000 after buying an additional 6,379 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of NXP Semiconductors by 5.1% during the fourth quarter. Deutsche Bank AG now owns 1,928,214 shares of the semiconductor provider's stock worth $418,538,000 after buying an additional 93,316 shares in the last quarter. Barclays PLC boosted its position in shares of NXP Semiconductors by 31.5% in the fourth quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider's stock valued at $495,634,000 after acquiring an additional 546,790 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of NXP Semiconductors by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 274,099 shares of the semiconductor provider's stock valued at $59,496,000 after acquiring an additional 8,676 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $225.56 on Monday. The stock has a market capitalization of $56.88 billion, a P/E ratio of 19.25, a PEG ratio of 0.77 and a beta of 1.82. The stock's fifty day moving average is $265.95 and its 200 day moving average is $252.50. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. NXP Semiconductors's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.72 earnings per share. Sell-side analysts forecast that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors's dividend payout ratio (DPR) is 34.64%.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares of the company's stock, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on NXPI shares. Wall Street Zen lowered shares of NXP Semiconductors from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 9th. JPMorgan Chase & Co. boosted their price objective on shares of NXP Semiconductors from $250.00 to $295.00 and gave the company a "neutral" rating in a report on Wednesday, April 29th. KeyCorp increased their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 29th. Truist Financial raised their target price on shares of NXP Semiconductors from $255.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Finally, Evercore lifted their price target on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $305.43.

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.

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