NXP Semiconductors (NASDAQ:NXPI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,918 shares of the semiconductor provider’s stock after selling 13,916 shares during the period. New York State Teachers Retirement System owned about 0.10% of NXP Semiconductors worth $67,250,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in NXP Semiconductors by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 330,144 shares of the semiconductor provider’s stock worth $75,827,000 after acquiring an additional 3,262 shares during the last quarter. Zhang Financial LLC lifted its position in shares of NXP Semiconductors by 55.7% during the 1st quarter. Zhang Financial LLC now owns 3,943 shares of the semiconductor provider’s stock worth $977,000 after purchasing an additional 1,411 shares during the last quarter. Heritage Wealth Management LLC acquired a new position in shares of NXP Semiconductors during the fourth quarter worth $845,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after buying an additional 2,097,727 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of NXP Semiconductors by 17.6% during the 4th quarter. Victory Capital Management Inc. now owns 171,977 shares of the semiconductor provider’s stock worth $39,500,000 after acquiring an additional 25,794 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 3.1 %

Shares of NASDAQ:NXPI traded up $7.64 during midday trading on Friday, reaching $253.00. The company’s stock had a trading volume of 1,072,965 shares, compared to its average volume of 2,249,060. The business has a 50 day moving average price of $261.91 and a 200 day moving average price of $254.02. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The firm has a market cap of $64.69 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 2.63 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.04 EPS. Research analysts forecast that NXP Semiconductors will post 12 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Thursday, June 13th. NXP Semiconductors’s payout ratio is currently 37.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NXPI shares. Argus boosted their target price on NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Evercore ISI increased their price objective on NXP Semiconductors from $300.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Barclays raised their target price on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Finally, TD Cowen lowered their price objective on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.89.

Insider Buying and Selling

In other news, insider Julie Southern acquired 146 shares of the stock in a transaction on Tuesday, July 30th. The stock was bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the transaction, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the transaction, the chief executive officer now owns 177,889 shares in the company, valued at approximately $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Julie Southern acquired 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were acquired at an average cost of $257.54 per share, with a total value of $37,600.84. Following the transaction, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Profile

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.