Arizona State Retirement System Cuts Stake in NXP Semiconductors N.V. $NXPI

Arizona State Retirement System reduced its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,342 shares of the semiconductor provider’s stock after selling 2,435 shares during the period. Arizona State Retirement System’s holdings in NXP Semiconductors were worth $15,485,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in shares of NXP Semiconductors by 11.9% during the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock valued at $2,865,690,000 after buying an additional 1,333,920 shares during the last quarter. SG Americas Securities LLC lifted its holdings in NXP Semiconductors by 307.7% in the third quarter. SG Americas Securities LLC now owns 1,179,129 shares of the semiconductor provider’s stock valued at $268,523,000 after acquiring an additional 889,883 shares during the period. Rafferty Asset Management LLC lifted its holdings in NXP Semiconductors by 56.3% in the second quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock valued at $418,828,000 after acquiring an additional 690,277 shares during the period. Woodline Partners LP lifted its holdings in NXP Semiconductors by 6,342.2% in the third quarter. Woodline Partners LP now owns 673,403 shares of the semiconductor provider’s stock valued at $153,354,000 after acquiring an additional 662,950 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in NXP Semiconductors by 21.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,227,516 shares of the semiconductor provider’s stock valued at $507,241,000 after acquiring an additional 398,250 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NXPI. Evercore lowered their target price on NXP Semiconductors from $292.00 to $260.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Barclays reissued an “overweight” rating and issued a $255.00 target price on shares of NXP Semiconductors in a report on Thursday, January 15th. Truist Financial lowered their target price on NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. JPMorgan Chase & Co. increased their target price on NXP Semiconductors from $245.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Mizuho reissued an “underperform” rating and issued a $188.00 target price (down from $255.00) on shares of NXP Semiconductors in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $248.53.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $244.04 on Friday. The stock has a market cap of $61.63 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 1.10 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. The stock has a 50 day moving average price of $210.76 and a 200-day moving average price of $216.97. NXP Semiconductors N.V. has a one year low of $176.26 and a one year high of $256.36.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.04. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.30 billion. NXP Semiconductors had a return on equity of 26.72% and a net margin of 16.47%.The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.18 EPS. Equities analysts expect that NXP Semiconductors N.V. will post 12.51 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. NXP Semiconductors’s payout ratio is 51.01%.

Insider Activity at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, the executive vice president owned 9,942 shares in the company, valued at approximately $1,934,514.36. The trade was a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

NXP Semiconductors 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.