Retirement Systems of Alabama Sells 724 Shares of NXP Semiconductors (NASDAQ:NXPI)

Retirement Systems of Alabama lessened its stake in NXP Semiconductors (NASDAQ:NXPIFree Report) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,676 shares of the semiconductor provider’s stock after selling 724 shares during the quarter. Retirement Systems of Alabama’s holdings in NXP Semiconductors were worth $13,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in NXP Semiconductors in the second quarter valued at about $27,000. Addison Advisors LLC increased its holdings in NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 74 shares during the last quarter. FSA Wealth Management LLC bought a new stake in NXP Semiconductors in the third quarter valued at about $33,000. Valley Wealth Managers Inc. bought a new stake in NXP Semiconductors in the second quarter valued at about $48,000. Finally, Avior Wealth Management LLC increased its holdings in NXP Semiconductors by 182.1% in the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NXPI. Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price target on shares of NXP Semiconductors in a report on Monday, November 4th. Mizuho set a $290.00 price target on NXP Semiconductors in a report on Friday, October 18th. UBS Group lowered their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus lowered their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Finally, TD Cowen lowered their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $274.14.

Get Our Latest Analysis on NXP Semiconductors

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $216.84 on Monday. The stock has a 50 day moving average price of $230.25 and a 200 day moving average price of $246.41. NXP Semiconductors has a 52 week low of $201.58 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The stock has a market capitalization of $55.11 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 4.43 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the firm posted $3.31 earnings per share. Analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be paid a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.87%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.65%.

NXP Semiconductors Company Profile

(Free Report)

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.

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

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