Cookson Peirce & Co. Inc. Takes Position in NXP Semiconductors N.V. $NXPI

Cookson Peirce & Co. Inc. acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,939 shares of the semiconductor provider’s stock, valued at approximately $2,512,000.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in NXP Semiconductors in the 2nd quarter valued at about $5,758,000. Wedbush Securities Inc. bought a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $613,000. Greenleaf Trust bought a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $873,000. Capital Advisors Inc. OK acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $1,990,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in NXP Semiconductors in the 2nd quarter valued at $5,006,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 1.0%

NXPI stock opened at $223.58 on Friday. 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. The company’s 50-day simple moving average is $257.48 and its 200 day simple moving average is $252.32. The company has a market capitalization of $56.38 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the firm posted $2.72 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, June 24th. NXP Semiconductors’s payout ratio is 34.64%.

Insider Buying and Selling

In other news, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on NXPI shares. Oppenheimer lifted their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 target price on shares of NXP Semiconductors in a research note on Monday, August 17th. Wall Street Zen downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday. TD Cowen decreased their price target on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Finally, Morgan Stanley increased their price target on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.