NXP Semiconductors N.V. $NXPI Stock Holdings Lifted by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. grew its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 8.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 149,789 shares of the semiconductor provider’s stock after acquiring an additional 11,254 shares during the period. Deprince Race & Zollo Inc. owned about 0.06% of NXP Semiconductors worth $34,111,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of NXP Semiconductors during the second quarter valued at $453,050,000. Boston Partners raised its holdings in NXP Semiconductors by 73.6% during the 2nd quarter. Boston Partners now owns 2,086,769 shares of the semiconductor provider’s stock worth $454,862,000 after buying an additional 884,403 shares during the period. Rafferty Asset Management LLC raised its holdings in NXP Semiconductors by 56.3% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock worth $418,828,000 after buying an additional 690,277 shares during the period. California Public Employees Retirement System lifted its stake in NXP Semiconductors by 104.3% during the second quarter. California Public Employees Retirement System now owns 912,463 shares of the semiconductor provider’s stock valued at $199,364,000 after buying an additional 465,820 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of NXP Semiconductors by 22.4% in the first quarter. Royal Bank of Canada now owns 1,711,492 shares of the semiconductor provider’s stock worth $325,286,000 after buying an additional 313,069 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NXPI. Evercore ISI boosted their price target on shares of NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $280.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of NXP Semiconductors in a report on Wednesday, October 8th. Arete Research raised their target price on NXP Semiconductors from $273.90 to $324.40 and gave the stock a “buy” rating in a research report on Monday, December 8th. Finally, Sanford C. Bernstein set a $220.00 price target on NXP Semiconductors and gave the company a “market perform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $260.62.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 8,372 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $207.01, for a total value of $1,733,087.72. Following the completion of the sale, the executive vice president owned 19,175 shares of the company’s stock, valued at approximately $3,969,416.75. The trade was a 30.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christopher L. Jensen sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total transaction of $524,791.00. Following the transaction, the executive vice president directly owned 9,965 shares in the company, valued at approximately $2,273,714.05. The trade was a 18.75% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by company insiders.

NXP Semiconductors Trading Down 1.1%

Shares of NASDAQ:NXPI opened at $222.87 on Friday. The firm has a fifty day moving average of $212.31 and a two-hundred day moving average of $219.24. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $255.45. The firm has a market capitalization of $56.09 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 3.31 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The company’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company posted $3.45 earnings per share. On average, equities analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, December 10th. NXP Semiconductors’s payout ratio is currently 50.25%.

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.