NXP Semiconductors N.V. $NXPI Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 201,451 shares of the semiconductor provider’s stock after selling 3,318 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of NXP Semiconductors worth $45,876,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NXPI. Vanguard Group Inc. lifted its stake in shares of NXP Semiconductors by 1.4% in the second quarter. Vanguard Group Inc. now owns 13,350,245 shares of the semiconductor provider’s stock valued at $2,916,895,000 after purchasing an additional 184,295 shares during the period. State Street Corp increased its holdings in NXP Semiconductors by 0.7% in the second quarter. State Street Corp now owns 10,934,800 shares of the semiconductor provider’s stock valued at $2,399,555,000 after buying an additional 71,892 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in NXP Semiconductors by 1.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,237,369 shares of the semiconductor provider’s stock valued at $1,799,783,000 after buying an additional 103,319 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of NXP Semiconductors by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,571,644 shares of the semiconductor provider’s stock valued at $1,212,425,000 after acquiring an additional 204,547 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of NXP Semiconductors by 4.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,567,140 shares of the semiconductor provider’s stock worth $779,330,000 after acquiring an additional 162,553 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Arete raised their price objective on NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a research note on Monday, December 8th. Truist Financial upped their target price on NXP Semiconductors from $254.00 to $265.00 and gave the company a “buy” rating in a report on Friday, December 19th. Cantor Fitzgerald restated an “overweight” rating and issued a $280.00 price target on shares of NXP Semiconductors in a research report on Tuesday, October 28th. TD Cowen cut their price target on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Finally, Sanford C. Bernstein set a $220.00 price objective on shares of NXP Semiconductors and gave the company a “market perform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $260.62.

Insider Activity

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 2,300 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the sale, the executive vice president directly owned 9,965 shares of the company’s stock, valued at approximately $2,273,714.05. The trade was a 18.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Julie Southern purchased 225 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average price of $225.48 per share, with a total value of $50,733.00. Following the completion of the acquisition, the insider directly owned 11,937 shares in the company, valued at $2,691,554.76. The trade was a 1.92% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 23,097 shares of company stock valued at $5,003,058 over the last 90 days. Insiders own 0.12% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $241.15 on Monday. 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 fifty-two week low of $148.09 and a fifty-two week high of $255.45. The business has a fifty day moving average of $214.91 and a 200-day moving average of $220.29. The stock has a market cap of $60.69 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 3.03 and a beta of 1.46.

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

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. NXP Semiconductors’s payout ratio is 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.