NXP Semiconductors (NASDAQ:NXPI) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 375,754 shares of the semiconductor provider's stock after selling 13,572 shares during the quarter. California State Teachers Retirement System owned 0.15% of NXP Semiconductors worth $78,100,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Merit Financial Group LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter worth about $360,000. Strategic Financial Concepts LLC bought a new position in NXP Semiconductors in the fourth quarter valued at $46,000. Austin Private Wealth LLC raised its stake in shares of NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider's stock worth $665,000 after acquiring an additional 1,869 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in NXP Semiconductors by 2.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 98,558 shares of the semiconductor provider's stock worth $21,068,000 after purchasing an additional 2,609 shares during the last quarter. Finally, Czech National Bank boosted its holdings in NXP Semiconductors by 6.2% during the 4th quarter. Czech National Bank now owns 55,107 shares of the semiconductor provider's stock valued at $11,454,000 after acquiring an additional 3,216 shares during the period. Institutional investors own 90.54% of the company's stock.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NXPI shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Mizuho upped their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Morgan Stanley set a $229.00 price target on NXP Semiconductors in a research note on Monday, April 21st. Stifel Nicolaus dropped their target price 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. Finally, Susquehanna reduced their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and an average target price of $250.37.

NXP Semiconductors Price Performance

NXPI stock traded up $6.30 during midday trading on Friday, hitting $188.14. 3,434,693 shares of the stock were exchanged, compared to its average volume of 2,605,131. The stock has a market cap of $47.72 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The stock's 50-day moving average price is $192.76 and its 200-day moving average price is $211.74. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.24 earnings per share. Research analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is presently 44.12%.

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.