New Mexico Educational Retirement Board Purchases Shares of 12,500 NXP Semiconductors N.V. $NXPI

Key Points

• New Mexico Educational Retirement Board acquired 12,500 shares of NXP Semiconductors worth approximately $3.5 million, while institutional investors collectively own 90.54% of the company.
• NXP reported quarterly earnings of $3.61 per share and revenue of $3.50 billion, exceeding analyst estimates; revenue increased 19.5% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $305.43, while the stock recently traded at $223.58 and pays an annualized dividend of $4.06 per share.

New Mexico Educational Retirement Board acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,500 shares of the semiconductor provider's stock, valued at approximately $3,513,000.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at $6,716,412,000. State Street Corp increased its holdings in NXP Semiconductors by 0.5% in the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider's stock valued at $2,407,382,000 after buying an additional 55,098 shares in the last quarter. Wellington Management Group LLP purchased a new position in NXP Semiconductors in the second quarter valued at $21,099,000. Invesco Ltd. raised its position in shares of NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider's stock worth $1,210,038,000 after acquiring an additional 818,985 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of NXP Semiconductors by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 5,463,756 shares of the semiconductor provider's stock worth $1,180,572,000 after acquiring an additional 30,804 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NXPI. Wells Fargo & Company dropped their target price on NXP Semiconductors from $290.00 to $280.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 29th. Bank of America reiterated a "neutral" rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Needham & Company LLC reissued a "buy" rating and issued a $300.00 price target on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Morgan Stanley upped their price objective on shares of NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Citigroup reaffirmed a "neutral" rating on shares of NXP Semiconductors in a report on Monday, July 13th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus price target of $305.43.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $223.58 on Friday. The company has a market cap of $56.38 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 0.76 and a beta of 1.81. The stock's 50 day simple moving average is $257.48 and its 200-day simple moving average is $252.32. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36.

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

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors's payout ratio is 34.64%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company's stock, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares of the company's stock, valued at $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company's stock.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.

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