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

New York State Teachers Retirement System decreased its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 1.6% in the 3rd quarter, Holdings Channel reports. 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’s holdings in NXP Semiconductors were worth $45,876,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Shelton Capital Management lifted its stake in shares of NXP Semiconductors by 16.1% during the second quarter. Shelton Capital Management now owns 83,378 shares of the semiconductor provider’s stock worth $18,217,000 after purchasing an additional 11,577 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in shares of NXP Semiconductors in the second quarter valued at about $3,540,000. Vantage Investment Partners LLC grew its stake in shares of NXP Semiconductors by 5.2% in the second quarter. Vantage Investment Partners LLC now owns 34,193 shares of the semiconductor provider’s stock valued at $7,471,000 after buying an additional 1,675 shares in the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of NXP Semiconductors by 13.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 58,645 shares of the semiconductor provider’s stock valued at $12,813,000 after buying an additional 7,034 shares during the period. Finally, CCLA Investment Management lifted its position in NXP Semiconductors by 6.5% during the 2nd quarter. CCLA Investment Management now owns 545,580 shares of the semiconductor provider’s stock worth $119,121,000 after acquiring an additional 33,112 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Arete increased their price objective on shares of NXP Semiconductors from $273.90 to $324.40 and gave the company a “buy” rating in a research report on Monday, December 8th. TD Cowen decreased their target price on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Truist Financial lifted their price target on shares of NXP Semiconductors from $254.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. boosted their price objective on shares of NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $260.62.

Insider Buying and Selling at NXP Semiconductors

In other news, insider Julie Southern acquired 225 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were purchased at an average price of $225.48 per share, for a total transaction of $50,733.00. Following the completion of the purchase, the insider directly owned 11,937 shares of the company’s stock, valued at $2,691,554.76. This represents a 1.92% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jennifer Wuamett sold 12,425 shares of NXP Semiconductors 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 transaction, the executive vice president owned 11,811 shares of the company’s stock, valued at approximately $2,609,522.34. The trade was a 51.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,097 shares of company stock worth $5,003,058 over the last quarter. 0.12% of the stock is owned by corporate insiders.

NXP Semiconductors Trading Up 1.4%

NXPI opened at $241.15 on Monday. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $255.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69. The stock has a market capitalization of $60.69 billion, a PE ratio of 29.85, a P/E/G ratio of 3.03 and a beta of 1.46. The firm’s fifty day moving average price is $214.91 and its 200 day moving average price is $220.29.

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

NXP Semiconductors Announces Dividend

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