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

Cooke & Bieler LP lessened its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 50.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,611 shares of the semiconductor provider's stock after selling 121,464 shares during the period. Cooke & Bieler LP's holdings in NXP Semiconductors were worth $28,174,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NXPI. Axxcess Wealth Management LLC bought a new position in shares of NXP Semiconductors in the 3rd quarter valued at approximately $234,000. Crossmark Global Holdings Inc. acquired a new stake in NXP Semiconductors in the 3rd quarter worth approximately $11,893,000. Kraft Davis & Associates LLC acquired a new stake in NXP Semiconductors in the 3rd quarter worth approximately $203,000. Albion Financial Group UT bought a new stake in NXP Semiconductors during the third quarter worth approximately $164,000. Finally, Sowell Financial Services LLC bought a new stake in NXP Semiconductors during the third quarter worth approximately $1,520,000. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on NXPI. Weiss Ratings reiterated a "hold (c+)" rating on shares of NXP Semiconductors in a report on Friday, July 31st. Stifel Nicolaus dropped their price target on shares of NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating on the stock in a research report on Monday, October 5th. Needham & Company LLC restated a "buy" rating and issued a $300.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Oppenheimer upped their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Finally, Wells Fargo & Company decreased their price objective on shares of NXP Semiconductors from $280.00 to $235.00 and set an "equal weight" rating for the company in a report on Tuesday. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $302.30.

NXP Semiconductors News Roundup

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: Shares outperformed the broader market in the latest session, indicating continued near-term investor interest in NXP. NXP Semiconductors Laps the Stock Market: Here's Why
• Positive Sentiment: GuruFocus estimated NXP’s GF Value at $250.62, above the recently cited share price of $237.60, suggesting the stock may be modestly undervalued based on its valuation model. A Look at NXP Semiconductors After a 3.2% Gain
• Positive Sentiment: TD Cowen maintained a “Buy” rating, although it reduced its price target to $275 from $290. The revised target still implies meaningful upside from recent levels. TD Cowen price-target update
• Neutral Sentiment: Wall Street expects earnings growth in NXP’s report next week, but analysts do not see the company as having the strongest setup for exceeding estimates, making the report an important near-term catalyst. NXP Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Wells Fargo retained its “Hold” or “Equal Weight” stance and cut its price target to $235 from $280, signaling limited confidence in additional gains and placing its valuation below recent trading levels. Wells Fargo Sticks to Its Hold Rating for NXP Semiconductors
• Negative Sentiment: A broader skeptical view of several semiconductor stocks adds caution, particularly because NXP may not have the factors analysts typically associate with a likely earnings beat. 3 Semiconductor Stocks We’re Skeptical Of

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of the transaction, the executive vice president owned 7,942 shares in the company, valued at $1,795,209.68. This trade represents a 11.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the business's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the sale, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. This represents a 92.09% decrease in their position. 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. 0.05% of the stock is owned by company insiders.

NXP Semiconductors Stock Up 2.0%

NXPI stock opened at $242.36 on Thursday. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a market cap of $61.11 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 0.81 and a beta of 1.80. The business's 50-day simple moving average is $230.08 and its 200 day simple moving average is $257.31. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion for 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%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.72 earnings per share. On average, research analysts anticipate that NXP Semiconductors N.V. will post 13.75 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were issued a $1.0140 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. NXP Semiconductors's dividend payout ratio is presently 34.56%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.

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