New Mexico Educational Retirement Board Purchases New Stake in NXP Semiconductors N.V. $NXPI

New Mexico Educational Retirement Board acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,500 shares of the semiconductor provider’s stock, valued at approximately $3,513,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. Royal London Asset Management Ltd. purchased a new stake in NXP Semiconductors in the 2nd quarter valued at $33,018,000. Toth Financial Advisory Corp purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth $73,000. Mufg Securities Americas Inc. acquired a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $2,137,000. Van ECK Associates Corp purchased a new stake in shares of NXP Semiconductors in the second quarter valued at about $1,167,458,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in shares of NXP Semiconductors in the second quarter valued at about $631,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 1st. The shares were 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 owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This trade represents a 32.40% 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.

NXP Semiconductors Stock Down 1.0%

Shares of NASDAQ:NXPI opened at $223.58 on Friday. The company has a market capitalization of $56.38 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 0.76 and a beta of 1.81. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The business has a 50-day moving average price of $257.48 and a 200 day moving average price of $252.32. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

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

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were issued 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 dividend payout ratio is currently 34.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group restated a “neutral” rating and set a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a research report on Monday, August 3rd. TD Cowen dropped their price target on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Sanford C. Bernstein reissued a “market perform” rating and issued a $290.00 price target on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, Wells Fargo & Company reduced their price target on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.