New York State Common Retirement Fund Increases Position in NXP Semiconductors N.V. $NXPI

New York State Common Retirement Fund lifted its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 224.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 204,584 shares of the semiconductor provider’s stock after buying an additional 141,455 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of NXP Semiconductors worth $46,590,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. CNB Bank purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $28,000. Delos Wealth Advisors LLC purchased a new position in NXP Semiconductors in the 2nd quarter worth approximately $35,000. Legacy Investment Solutions LLC bought a new position in NXP Semiconductors in the 2nd quarter worth approximately $43,000. True Wealth Design LLC grew its holdings in NXP Semiconductors by 375.6% during the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock valued at $43,000 after buying an additional 154 shares in the last quarter. Finally, North Capital Inc. raised its position in shares of NXP Semiconductors by 119.8% during the third quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock valued at $43,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $226.14 on Friday. The business’s 50 day moving average price is $225.58 and its 200-day moving average price is $221.24. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $255.45. The company has a market cap of $56.91 billion, a P/E ratio of 27.99, a P/E/G ratio of 2.92 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37.

NXP Semiconductors Announces Dividend

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

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern bought 225 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were purchased at an average price of $225.48 per share, with a total value of $50,733.00. Following the completion of the purchase, the insider owned 11,937 shares in the company, valued at $2,691,554.76. This represents a 1.92% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jennifer Wuamett sold 12,425 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the completion of the sale, the executive vice president owned 11,811 shares in the company, valued at approximately $2,609,522.34. The trade was a 51.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 23,097 shares of company stock worth $5,003,058. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NXPI. Morgan Stanley reaffirmed an “overweight” rating on shares of NXP Semiconductors in a research note on Friday, January 16th. Stifel Nicolaus set a $215.00 price objective on shares of NXP Semiconductors in a report on Tuesday, October 28th. TD Cowen lifted their target price on NXP Semiconductors from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Cantor Fitzgerald reissued an “overweight” rating and set a $280.00 price target on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Finally, Barclays restated an “overweight” rating and set a $255.00 price target on shares of NXP Semiconductors in a report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $259.29.

NXP Semiconductors Company 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.