Arizona State Retirement System Buys 1,524 Shares of NXP Semiconductors N.V. (NASDAQ:NXPI)

Arizona State Retirement System grew its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,558 shares of the semiconductor provider's stock after buying an additional 1,524 shares during the period. Arizona State Retirement System's holdings in NXP Semiconductors were worth $14,170,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. bought a new position in NXP Semiconductors during the 4th quarter worth $32,000. Ameriflex Group Inc. bought a new position in shares of NXP Semiconductors in the fourth quarter worth $44,000. Valley National Advisers Inc. increased its position in shares of NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after purchasing an additional 126 shares during the period. Rossby Financial LCC bought a new position in shares of NXP Semiconductors in the first quarter worth $46,000. Finally, GoalVest Advisory LLC increased its position in shares of NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after purchasing an additional 227 shares during the period. Institutional investors own 90.54% of the company's stock.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 9,132 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the completion of the sale, the executive vice president owned 27,088 shares in the company, valued at $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of recent analyst reports. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research report on Monday, April 21st. UBS Group lifted their price target on NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Evercore ISI reissued an "outperform" rating and set a $289.00 price target (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Citigroup lifted their price target on NXP Semiconductors from $210.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, TD Cowen lifted their price target on NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $251.63.

NXP Semiconductors Trading Down 1.8%

NXPI traded down $4.27 during trading on Friday, hitting $228.92. The company's stock had a trading volume of 1,869,805 shares, compared to its average volume of 2,772,256. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $296.08. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 1.10. The stock's fifty day moving average price is $210.01 and its 200-day moving average price is $205.51. The firm has a market capitalization of $57.83 billion, a P/E ratio of 24.94, a PEG ratio of 2.85 and a beta of 1.40.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The company's revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.24 earnings per share. Analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, June 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.77%. NXP Semiconductors's dividend payout ratio is 44.23%.

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.