California State Teachers Retirement System Acquires 21,120 Shares of NXP Semiconductors N.V. $NXPI

California State Teachers Retirement System lifted its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379,360 shares of the semiconductor provider's stock after acquiring an additional 21,120 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of NXP Semiconductors worth $106,611,541 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Figure 8 Investment Strategies LLC purchased a new stake in NXP Semiconductors in the second quarter worth $33,000. Saudi Central Bank purchased a new stake in NXP Semiconductors in the second quarter valued at $56,000. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in shares of NXP Semiconductors during the second quarter worth approximately $859,000. Raiffeisen Bank International AG acquired a new stake in shares of NXP Semiconductors during the second quarter worth about $93,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of NXP Semiconductors during the second quarter worth about $55,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NXP Semiconductors in a report on Friday, July 31st. JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $295.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Wells Fargo & Company decreased their price objective on NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating for the company in a report on Wednesday, July 29th. Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of NXP Semiconductors in a research report on Tuesday, September 8th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NXP Semiconductors currently has an average rating of "Moderate Buy" and a consensus target price of $305.65.

NXP Semiconductors Stock Up 0.8%

NXP Semiconductors stock traded up $1.80 during midday trading on Tuesday, hitting $226.03. The stock had a trading volume of 1,180,988 shares, compared to its average volume of 3,544,798. The business has a fifty day moving average price of $244.13 and a 200 day moving average price of $251.50. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The stock has a market cap of $57.00 billion, a P/E ratio of 19.27, a P/E/G ratio of 0.80 and a beta of 1.81. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the firm posted $2.72 EPS. The business's revenue was up 19.5% compared to the same quarter last year. Research analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors's dividend payout ratio is presently 34.56%.

About NXP Semiconductors

NXP Semiconductors N.V. NASDAQ: NXPI is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.