State of New Jersey Common Pension Fund D Trims Stock Position in NXP Semiconductors N.V. $NXPI

Key Points

• The State of New Jersey Common Pension Fund D reduced its investment in NXP Semiconductors by 7.4%, now holding 84,704 shares worth approximately $16.1 million.
• NXP Semiconductors reported earnings of $2.72 per share, surpassing analysts' expectations, but experienced a 6.4% revenue decline compared to the same quarter last year.
• Institutional investors hold over 90% of NXP's stock, with several investors increasing their stakes significantly during the first quarter of the year.

State of New Jersey Common Pension Fund D lessened its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 7.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,704 shares of the semiconductor provider's stock after selling 6,755 shares during the period. State of New Jersey Common Pension Fund D's holdings in NXP Semiconductors were worth $16,099,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Hemington Wealth Management increased its holdings in NXP Semiconductors by 50.0% during the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 59 shares during the period. Valley National Advisers Inc. boosted its stake in shares of NXP Semiconductors by 118.9% in the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after buying an additional 126 shares during the period. Ameriflex Group Inc. acquired a new position in shares of NXP Semiconductors during the fourth quarter worth about $44,000. Rossby Financial LCC acquired a new position in shares of NXP Semiconductors during the first quarter worth about $46,000. Finally, GoalVest Advisory LLC increased its stake in shares of NXP Semiconductors by 472.9% during the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after buying an additional 227 shares during the period. Hedge funds and other institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

NXPI has been the topic of a number of recent analyst reports. Barclays increased their price objective on shares of NXP Semiconductors from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. TD Cowen boosted their target price on shares of NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. UBS Group raised 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. Wells Fargo & Company lifted their price target on NXP Semiconductors from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on NXP Semiconductors from $205.00 to $240.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $256.05.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded down $0.50 on Wednesday, hitting $228.77. The stock had a trading volume of 3,986,193 shares, compared to its average volume of 3,026,021. The stock has a market cap of $57.68 billion, a price-to-earnings ratio of 27.27, a P/E/G ratio of 2.63 and a beta of 1.41. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $259.74. The company's 50 day moving average price is $220.76 and its 200 day moving average price is $207.21.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.66 by $0.06. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. NXP Semiconductors's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.20 EPS. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. 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 disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors's payout ratio is currently 48.39%.

Insider Buying and Selling

In other NXP Semiconductors news, President Rafael Sotomayor sold 2,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total transaction of $439,140.00. Following the transaction, the president directly owned 4,958 shares in the company, valued at approximately $1,088,628.06. This represents a 28.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the sale, the executive vice president owned 27,088 shares of the company's stock, valued at approximately $6,230,240. The trade was a 25.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,917 shares of company stock valued at $4,082,002. Corporate insiders own 0.12% of the company's stock.

NXP Semiconductors 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.