California Public Employees Retirement System Sells 20,852 Shares of NXP Semiconductors (NASDAQ:NXPI)

California Public Employees Retirement System cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 501,525 shares of the semiconductor provider's stock after selling 20,852 shares during the period. California Public Employees Retirement System owned approximately 0.19% of NXP Semiconductors worth $115,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. International Assets Investment Management LLC lifted its holdings in shares of NXP Semiconductors by 2.8% in the third quarter. International Assets Investment Management LLC now owns 2,440 shares of the semiconductor provider's stock valued at $480,000 after purchasing an additional 67 shares in the last quarter. CWM LLC increased its position in NXP Semiconductors by 14.3% during the third quarter. CWM LLC now owns 4,181 shares of the semiconductor provider's stock worth $836,000 after buying an additional 523 shares during the last quarter. IFP Advisors Inc increased its position in NXP Semiconductors by 34.0% during the third quarter. IFP Advisors Inc now owns 1,245 shares of the semiconductor provider's stock worth $249,000 after buying an additional 316 shares during the last quarter. Royal Fund Management LLC increased its position in NXP Semiconductors by 1.7% during the third quarter. Royal Fund Management LLC now owns 6,791 shares of the semiconductor provider's stock worth $1,358,000 after buying an additional 113 shares during the last quarter. Finally, Caprock Group LLC increased its position in NXP Semiconductors by 20.2% during the third quarter. Caprock Group LLC now owns 2,622 shares of the semiconductor provider's stock worth $527,000 after buying an additional 440 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Cantor Fitzgerald boosted their price target on NXP Semiconductors from $270.00 to $290.00 and gave the stock an "overweight" rating in a research report on Monday, April 8th. StockNews.com raised NXP Semiconductors from a "hold" rating to a "buy" rating in a research report on Tuesday, April 16th. Barclays raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $200.00 to $260.00 in a research report on Tuesday, January 16th. Stifel Nicolaus increased their price target on NXP Semiconductors from $190.00 to $210.00 and gave the stock a "hold" rating in a research report on Tuesday, January 2nd. Finally, Truist Financial increased their price target on NXP Semiconductors from $264.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $242.29.

NXP Semiconductors Trading Up 4.2 %

Shares of NXPI stock traded up $9.43 during mid-day trading on Wednesday, hitting $235.04. The company's stock had a trading volume of 3,810,057 shares, compared to its average volume of 2,357,348. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91. The company's fifty day simple moving average is $240.90 and its 200-day simple moving average is $219.18. The company has a market cap of $60.19 billion, a PE ratio of 21.07, a P/E/G ratio of 0.82 and a beta of 1.59. NXP Semiconductors has a 52 week low of $155.31 and a 52 week high of $264.26.

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

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a yield of 1.73%. NXP Semiconductors's dividend payout ratio (DPR) is currently 37.91%.

About NXP Semiconductors

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.