Retirement Systems of Alabama Purchases 219,996 Shares of NXP Semiconductors N.V. $NXPI

Retirement Systems of Alabama purchased a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, HoldingsChannel reports. The firm purchased 219,996 shares of the semiconductor provider’s stock, valued at approximately $52,256,000.

Other institutional investors have also added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its stake in shares of NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after buying an additional 45 shares during the last quarter. Howard Financial Services LTD. increased its holdings in shares of NXP Semiconductors by 2.9% in the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock worth $412,000 after buying an additional 49 shares during the period. Ballast Advisors LLC lifted its stake in shares of NXP Semiconductors by 0.7% in the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock valued at $1,787,000 after acquiring an additional 61 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of NXP Semiconductors by 6.1% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock valued at $236,000 after acquiring an additional 69 shares during the last quarter. Finally, Allied Private Wealth LLC bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $28,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NXPI shares. Mizuho reduced their price target on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 29th. UBS Group cut NXP Semiconductors from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $305.00 to $270.00 in a research note on Monday, August 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price objective on shares of NXP Semiconductors in a research note on Monday, October 26th. Finally, Evercore restated an “outperform” rating on shares of NXP Semiconductors in a report on Wednesday, October 28th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $295.78.

Insiders Place Their Bets

In other NXP Semiconductors news, Director Anthony Foxx sold 400 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total value of $105,440.00. Following the completion of the sale, the director owned 2,942 shares in the company, valued at approximately $775,511.20. This trade represents a 11.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the sale, the executive vice president owned 288 shares in the company, valued at approximately $69,120. This represents a 92.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 4,755 shares of company stock worth $1,136,680. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $261.56 on Wednesday. The company has a market cap of $65.93 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 0.87 and a beta of 1.83. The company has a 50-day moving average price of $237.49 and a 200-day moving average price of $246.78. The company has a current ratio of 2.12, a quick ratio of 1.47 and a debt-to-equity ratio of 0.80. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.08. The company had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. NXP Semiconductors’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.11 earnings per share. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 13.81 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given a dividend of $1.0140 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.6%. NXP Semiconductors’s dividend payout ratio is presently 31.92%.

NXP Semiconductors announced that its board has authorized a stock repurchase plan on Tuesday, October 27th that authorizes the company to buy back $5 billion in outstanding shares. This repurchase authorization authorizes the semiconductor provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

NXP Semiconductors Company Profile

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications. Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.