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

New York State Teachers Retirement System lessened its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,799 shares of the semiconductor provider's stock after selling 28,443 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of NXP Semiconductors worth $38,924,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Smithfield Trust Co purchased a new position in NXP Semiconductors in the 4th quarter valued at $32,000. Runnymede Capital Advisors Inc. purchased a new position in shares of NXP Semiconductors in the fourth quarter worth about $32,000. Ameriflex Group Inc. acquired a new position in NXP Semiconductors during the fourth quarter worth about $44,000. GoalVest Advisory LLC grew its stake in NXP Semiconductors by 472.9% during the 1st quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock valued at $52,000 after acquiring an additional 227 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in NXP Semiconductors by 377.9% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 411 shares of the semiconductor provider's stock valued at $85,000 after acquiring an additional 325 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 1.2%

Shares of NXPI stock traded up $2.72 during trading on Tuesday, reaching $221.21. The company's stock had a trading volume of 4,047,359 shares, compared to its average volume of 2,743,794. The company has a market capitalization of $55.88 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 2.71 and a beta of 1.39. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.09 and a quick ratio of 1.47. The stock's 50-day moving average price is $202.15 and its 200 day moving average price is $204.44.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's dividend payout ratio is currently 44.23%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Citigroup lowered their target price on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company lifted their price objective on NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Evercore ISI reaffirmed an "outperform" rating and issued a $289.00 target price (up from $237.00) on shares of NXP Semiconductors in a research note on Thursday, June 12th. Finally, Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NXP Semiconductors has an average rating of "Moderate Buy" and an average price target of $244.78.

NXP Semiconductors Company 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.