Cambiar Investors LLC Buys 8,833 Shares of NXP Semiconductors N.V. $NXPI

Key Points

• Cambiar Investors LLC increased its stake in NXP Semiconductors by 44.1%, buying 8,833 shares to own 28,869 shares valued at about $6.266 million.
• Analysts hold a consensus "Moderate Buy" rating with an average target price of $253.67, though several firms (e.g., Mizuho, Citigroup) trimmed targets from $285 to $255.
• NXP slightly beat the quarter's estimates (EPS $3.35 vs. $3.31; revenue $3.34B vs. $3.30B) and pays a quarterly dividend of $1.014 (annualized yield ~2.0%).

Cambiar Investors LLC increased its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 44.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,869 shares of the semiconductor provider's stock after purchasing an additional 8,833 shares during the period. Cambiar Investors LLC's holdings in NXP Semiconductors were worth $6,266,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NXPI. Brighton Jones LLC increased its position in shares of NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider's stock worth $265,000 after purchasing an additional 218 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of NXP Semiconductors by 3.4% in the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider's stock worth $1,334,000 after purchasing an additional 234 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of NXP Semiconductors by 31.7% in the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider's stock worth $170,000 after purchasing an additional 187 shares during the last quarter. Marshall Wace LLP increased its position in shares of NXP Semiconductors by 887.0% in the second quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider's stock worth $8,010,000 after purchasing an additional 32,945 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in shares of NXP Semiconductors in the second quarter worth approximately $555,000. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NXPI has been the topic of several research analyst reports. Mizuho decreased their price objective on shares of NXP Semiconductors from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 4th. Morgan Stanley restated an "overweight" rating on shares of NXP Semiconductors in a research report on Friday, January 16th. Citigroup decreased their price objective on shares of NXP Semiconductors from $285.00 to $255.00 and set a "buy" rating on the stock in a research report on Wednesday, February 4th. Barclays reiterated an "overweight" rating and set a $255.00 price target on shares of NXP Semiconductors in a research report on Thursday, January 15th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $240.00 price target on shares of NXP Semiconductors in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of "Moderate Buy" and an average target price of $253.67.

Insider Buying and Selling at NXP Semiconductors

In other news, 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 transaction of $194,580.00. Following the completion of the sale, the executive vice president owned 9,942 shares of the company's stock, valued at approximately $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Down 0.6%

Shares of NASDAQ NXPI opened at $204.37 on Friday. NXP Semiconductors N.V. has a one year low of $158.66 and a one year high of $256.36. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.05 and a quick ratio of 1.38. The firm's 50 day simple moving average is $213.02 and its two-hundred day simple moving average is $217.32. The stock has a market capitalization of $51.64 billion, a P/E ratio of 25.74, a PEG ratio of 0.91 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $0.04. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The business had revenue of $3.34 billion for the quarter, compared to analysts' expectations of $3.30 billion. During the same period last year, the business earned $3.18 earnings per share. The business's quarterly revenue was up 7.2% on a year-over-year basis. As a group, analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, March 25th. NXP Semiconductors's dividend payout ratio is 51.13%.

NXP Semiconductors Company Profile

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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