NXP Semiconductors (NASDAQ:NXPI) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 501,525 shares of the semiconductor provider’s stock after selling 20,852 shares during the period. California Public Employees Retirement System owned approximately 0.19% of NXP Semiconductors worth $115,190,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NXPI. Operose Advisors LLC bought a new position in shares of NXP Semiconductors in the third quarter valued at $26,000. BluePath Capital Management LLC acquired a new stake in NXP Semiconductors during the 3rd quarter valued at $28,000. Valley National Advisers Inc. raised its stake in NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares during the period. Paradigm Asset Management Co. LLC raised its stake in NXP Semiconductors by 100.0% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock valued at $40,000 after purchasing an additional 100 shares during the period. Finally, Atticus Wealth Management LLC raised its stake in NXP Semiconductors by 358.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock valued at $42,000 after purchasing an additional 165 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $225.61 on Wednesday. The company has a market capitalization of $57.78 billion, a PE ratio of 21.07, a PEG ratio of 0.82 and a beta of 1.59. NXP Semiconductors has a 12 month low of $155.31 and a 12 month high of $264.26. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The stock’s fifty day simple moving average is $240.90 and its 200 day simple moving average is $219.18.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.04. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. On average, research analysts predict that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s payout ratio is 37.91%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NXPI. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Barclays raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $200.00 to $260.00 in a report on Tuesday, January 16th. Wolfe Research raised NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 target price for the company in a report on Thursday, January 18th. Mizuho boosted their price target on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus increased their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $242.29.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.