NXP Semiconductors N.V. $NXPI Shares Sold by Deprince Race & Zollo Inc.

Key Points

• Deprince Race & Zollo Inc. reduced its stake in NXP by 11.2%, selling 16,718 shares and leaving 133,071 shares (about 0.05% of the company) valued at $28,884,000 at quarter-end.
• EVP Andrew Micallef sold 1,000 shares at an average price of $194.58 (a 9.14% reduction in his holding); insiders now own 0.12% of NXPI.
• NXP beat the quarter with EPS of $3.35 and revenue of $3.34B (up 7.2% YoY), has a $51.64B market cap, pays a $1.014 quarterly dividend (annualized $4.06, ~2.0% yield), and holds a consensus Moderate Buy rating with an average target of $253.67.

Deprince Race & Zollo Inc. lowered its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 11.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 133,071 shares of the semiconductor provider's stock after selling 16,718 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.05% of NXP Semiconductors worth $28,884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. JPL Wealth Management LLC acquired a new position in NXP Semiconductors during the 3rd quarter worth approximately $26,000. CNB Bank purchased a new stake in shares of NXP Semiconductors during the 3rd quarter worth approximately $28,000. Wexford Capital LP purchased a new stake in NXP Semiconductors in the 3rd quarter valued at $31,000. Kelleher Financial Advisors purchased a new stake in NXP Semiconductors in the 3rd quarter valued at $31,000. Finally, Delos Wealth Advisors LLC purchased a new stake in NXP Semiconductors in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 90.54% of the company's stock.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were 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 trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $204.37 on Monday. NXP Semiconductors N.V. has a one year low of $158.66 and a one year high of $256.36. The company's 50 day moving average price is $213.02 and its 200 day moving average price is $217.25. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. The firm has a market capitalization of $51.64 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 0.91 and a beta of 1.46.

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

NXP Semiconductors Announces Dividend

The company 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. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.0%. NXP Semiconductors's dividend payout ratio (DPR) is currently 51.13%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NXPI shares. KeyCorp upped their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 4th. TD Cowen lowered their price objective on shares of NXP Semiconductors from $285.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of NXP Semiconductors from $245.00 to $250.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. Morgan Stanley reaffirmed an "overweight" rating on shares of NXP Semiconductors in a research note on Friday, January 16th. Finally, Wells Fargo & Company raised their price target on shares of NXP Semiconductors from $260.00 to $265.00 and gave the stock an "overweight" rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $253.67.

NXP Semiconductors 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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