Cohen Klingenstein LLC Takes Position in NXP Semiconductors NV (NXPI)

Cohen Klingenstein LLC bought a new position in NXP Semiconductors NV (NASDAQ:NXPI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,995 shares of the semiconductor provider’s stock, valued at approximately $353,000.

Several other hedge funds also recently added to or reduced their stakes in NXPI. LPL Financial LLC raised its holdings in shares of NXP Semiconductors by 69.8% during the 3rd quarter. LPL Financial LLC now owns 22,292 shares of the semiconductor provider’s stock worth $1,906,000 after acquiring an additional 9,161 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in NXP Semiconductors by 2.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 168,707 shares of the semiconductor provider’s stock worth $14,424,000 after buying an additional 4,700 shares in the last quarter. Vident Investment Advisory LLC lifted its holdings in NXP Semiconductors by 105.1% during the 3rd quarter. Vident Investment Advisory LLC now owns 16,760 shares of the semiconductor provider’s stock worth $1,433,000 after buying an additional 8,589 shares in the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new position in NXP Semiconductors during the 3rd quarter worth $2,562,000. Finally, Point72 Hong Kong Ltd acquired a new position in NXP Semiconductors during the 3rd quarter worth $255,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on the company. ValuEngine raised NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research raised NXP Semiconductors from a “sell” rating to a “hold” rating and set a $109.00 price objective on the stock in a report on Wednesday, April 10th. Piper Jaffray Companies upped their price objective on NXP Semiconductors from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. BidaskClub downgraded NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Finally, Deutsche Bank upped their price objective on NXP Semiconductors from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NXP Semiconductors presently has an average rating of “Buy” and an average target price of $101.02.

NASDAQ:NXPI traded up $1.43 during mid-day trading on Tuesday, reaching $100.66. The stock had a trading volume of 2,605,154 shares, compared to its average volume of 3,920,849. The stock has a market capitalization of $32.94 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.29 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.54 and a quick ratio of 1.17. NXP Semiconductors NV has a 12 month low of $67.62 and a 12 month high of $122.24.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, February 6th. The semiconductor provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.28. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.39 billion. NXP Semiconductors had a net margin of 23.47% and a return on equity of 15.52%. As a group, analysts anticipate that NXP Semiconductors NV will post 6.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 18th were paid a $0.25 dividend. The ex-dividend date was Friday, March 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. NXP Semiconductors’s dividend payout ratio (DPR) is 16.84%.

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NXP Semiconductors Company Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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