36,100 Shares in NXP Semiconductors (NASDAQ:NXPI) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in NXP Semiconductors (NASDAQ:NXPI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,100 shares of the semiconductor provider's stock, valued at approximately $8,291,000.

Several other institutional investors have also bought and sold shares of NXPI. IMPACTfolio LLC lifted its holdings in shares of NXP Semiconductors by 4.3% during the fourth quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider's stock worth $273,000 after buying an additional 49 shares during the last quarter. Northwest Investment Counselors LLC lifted its holdings in shares of NXP Semiconductors by 12.1% during the third quarter. Northwest Investment Counselors LLC now owns 462 shares of the semiconductor provider's stock worth $92,000 after buying an additional 50 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of NXP Semiconductors by 4.3% during the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider's stock worth $280,000 after buying an additional 50 shares during the last quarter. Central Bank & Trust Co. lifted its holdings in shares of NXP Semiconductors by 1.2% during the fourth quarter. Central Bank & Trust Co. now owns 4,533 shares of the semiconductor provider's stock worth $1,041,000 after buying an additional 55 shares during the last quarter. Finally, Windsor Capital Management LLC lifted its holdings in shares of NXP Semiconductors by 1.8% during the fourth quarter. Windsor Capital Management LLC now owns 3,034 shares of the semiconductor provider's stock worth $697,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded down $10.72 during midday trading on Friday, reaching $233.61. The company's stock had a trading volume of 2,597,791 shares, compared to its average volume of 1,946,959. NXP Semiconductors has a fifty-two week low of $155.31 and a fifty-two week high of $264.26. The company has a market capitalization of $59.91 billion, a P/E ratio of 21.81, a P/E/G ratio of 0.92 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The business's fifty day simple moving average is $241.48 and its 200-day simple moving average is $217.78.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts' consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. As a group, equities research analysts expect that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.74%. NXP Semiconductors's dividend payout ratio (DPR) is presently 37.91%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NXPI. Wolfe Research upgraded NXP Semiconductors from a "peer perform" rating to an "outperform" rating and set a $255.00 price target for the company in a report on Thursday, January 18th. Stifel Nicolaus upped their target price on NXP Semiconductors from $190.00 to $210.00 and gave the company a "hold" rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $220.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, February 7th. Truist Financial upped their target price on NXP Semiconductors from $264.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. Finally, TD Cowen upped their target price on NXP Semiconductors from $270.00 to $300.00 and gave the company an "outperform" rating in a research note on Tuesday, March 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $239.58.

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.