Teacher Retirement System of Texas Increases Stock Position in NXP Semiconductors N.V. (NASDAQ:NXPI)

Teacher Retirement System of Texas lifted its position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 225.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,957 shares of the semiconductor provider's stock after purchasing an additional 33,931 shares during the period. Teacher Retirement System of Texas' holdings in NXP Semiconductors were worth $9,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sowell Financial Services LLC acquired a new position in shares of NXP Semiconductors in the 1st quarter valued at $320,000. Dynamic Advisor Solutions LLC lifted its stake in shares of NXP Semiconductors by 15.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,281 shares of the semiconductor provider's stock valued at $1,004,000 after purchasing an additional 698 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of NXP Semiconductors by 133.5% in the 1st quarter. Farther Finance Advisors LLC now owns 2,153 shares of the semiconductor provider's stock valued at $409,000 after purchasing an additional 1,231 shares during the period. BDF Gestion acquired a new position in shares of NXP Semiconductors in the 1st quarter valued at $1,152,000. Finally, Spire Wealth Management lifted its stake in shares of NXP Semiconductors by 34.4% in the 1st quarter. Spire Wealth Management now owns 1,267 shares of the semiconductor provider's stock valued at $241,000 after purchasing an additional 324 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company's stock.

Analyst Ratings Changes

NXPI has been the subject of several analyst reports. Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Citigroup decreased their price objective on shares of NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a report on Monday, April 21st. Finally, TD Cowen increased their price objective on shares of NXP Semiconductors from $185.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $246.22.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI traded up $1.59 during mid-day trading on Friday, reaching $232.74. The company's stock had a trading volume of 1,299,390 shares, compared to its average volume of 2,759,710. The stock has a 50-day moving average of $205.65 and a two-hundred day moving average of $204.89. The stock has a market capitalization of $58.80 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.89 and a beta of 1.40. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $296.08.

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

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be given a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.74%. The ex-dividend date is Wednesday, June 25th. NXP Semiconductors's payout ratio is currently 44.23%.

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.