Public Employees Retirement Association of Colorado Acquires 262,446 Shares of NXP Semiconductors (NASDAQ:NXPI)

Public Employees Retirement Association of Colorado increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 45.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 833,720 shares of the semiconductor provider’s stock after purchasing an additional 262,446 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.31% of NXP Semiconductors worth $171,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its position in NXP Semiconductors by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 118,577 shares of the semiconductor provider’s stock worth $24,394,000 after buying an additional 2,936 shares in the last quarter. Aviva PLC grew its position in shares of NXP Semiconductors by 88.1% during the second quarter. Aviva PLC now owns 175,995 shares of the semiconductor provider’s stock worth $36,206,000 after purchasing an additional 82,440 shares in the last quarter. Pinebridge Investments L.P. grew its position in shares of NXP Semiconductors by 8.8% during the first quarter. Pinebridge Investments L.P. now owns 42,230 shares of the semiconductor provider’s stock worth $8,503,000 after purchasing an additional 3,410 shares in the last quarter. Gotham Asset Management LLC boosted its stake in NXP Semiconductors by 918.6% during the first quarter. Gotham Asset Management LLC now owns 47,907 shares of the semiconductor provider’s stock valued at $9,646,000 after buying an additional 43,204 shares during the last quarter. Finally, Kentucky Retirement Systems bought a new position in NXP Semiconductors during the second quarter valued at approximately $3,303,000. 90.75% of the stock is currently owned by hedge funds and other institutional investors.

In other NXP Semiconductors news, CFO Peter Kelly sold 127,345 shares of the business’s stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $225.05, for a total transaction of $28,658,992.25. Following the completion of the sale, the chief financial officer now directly owns 65,810 shares in the company, valued at approximately $14,810,540.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kenneth A. Goldman sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 23rd. The shares were sold at an average price of $210.77, for a total value of $526,925.00. Following the completion of the sale, the director now owns 20,240 shares of the company’s stock, valued at $4,265,984.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 183,305 shares of company stock valued at $40,960,161. 0.32% of the stock is owned by company insiders.

A number of equities analysts recently commented on NXPI shares. Argus started coverage on NXP Semiconductors in a research note on Friday, September 3rd. They set a “buy” rating and a $260.00 price target for the company. Truist Securities increased their price target on NXP Semiconductors from $233.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, August 4th. Cowen increased their price target on NXP Semiconductors from $235.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, August 4th. KeyCorp increased their price target on NXP Semiconductors from $235.00 to $245.00 and gave the company an “overweight” rating in a research note on Tuesday, August 3rd. Finally, Mizuho lowered NXP Semiconductors from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $225.00 to $220.00 in a research note on Thursday, July 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $225.00.

Shares of NXPI stock traded up $5.16 on Thursday, hitting $188.26. The company had a trading volume of 87,390 shares, compared to its average volume of 2,930,447. The firm has a market cap of $49.91 billion, a P/E ratio of 49.89, a price-to-earnings-growth ratio of 2.35 and a beta of 1.40. The company has a 50-day moving average price of $208.05 and a 200-day moving average price of $203.13. The company has a quick ratio of 1.79, a current ratio of 2.27 and a debt-to-equity ratio of 1.25. NXP Semiconductors has a twelve month low of $126.80 and a twelve month high of $228.72.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, August 2nd. The semiconductor provider reported $2.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.05. NXP Semiconductors had a return on equity of 25.80% and a net margin of 10.44%. The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.58 billion. Equities research analysts expect that NXP Semiconductors will post 9.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 6th. Shareholders of record on Wednesday, September 15th were paid a dividend of $0.563 per share. The ex-dividend date of this dividend was Tuesday, September 14th. This represents a $2.25 annualized dividend and a yield of 1.20%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 33.19%.

NXP Semiconductors Company Profile

NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. It focuses on high performance mixed signal (HMPS), which delivers high performance mixed signal solutions to its customers to satisfy their system and sub-systems needs across the application areas such as automotive, identification, mobile, consumer, computing, wireless infrastructure, lighting and industrial, and software solutions for mobile phones.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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