NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 585,734 shares of the semiconductor provider's stock after selling 11,377 shares during the period. Public Employees Retirement Association of Colorado owned 0.23% of NXP Semiconductors worth $121,745,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NXPI. Oxford Asset Management LLP acquired a new stake in NXP Semiconductors in the 4th quarter worth approximately $466,000. Nebula Research & Development LLC acquired a new stake in NXP Semiconductors during the 4th quarter valued at approximately $1,398,000. Price T Rowe Associates Inc. MD lifted its stake in NXP Semiconductors by 1.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,503,562 shares of the semiconductor provider's stock valued at $520,366,000 after acquiring an additional 28,558 shares during the period. Dark Forest Capital Management LP lifted its stake in NXP Semiconductors by 84.5% during the 4th quarter. Dark Forest Capital Management LP now owns 2,314 shares of the semiconductor provider's stock valued at $481,000 after acquiring an additional 1,060 shares during the period. Finally, J. Safra Sarasin Holding AG lifted its stake in NXP Semiconductors by 32.5% during the 4th quarter. J. Safra Sarasin Holding AG now owns 77,710 shares of the semiconductor provider's stock valued at $16,152,000 after acquiring an additional 19,044 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Up 0.9 %

Shares of NASDAQ:NXPI traded up $1.69 during trading on Wednesday, hitting $184.31. The company's stock had a trading volume of 3,209,560 shares, compared to its average volume of 2,601,469. The business has a 50 day moving average price of $194.84 and a two-hundred day moving average price of $212.35. The company has a market capitalization of $46.74 billion, a PE ratio of 18.94, a P/E/G ratio of 3.01 and a beta of 1.40. 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 has a fifty-two week low of $148.09 and a fifty-two week 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 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the company earned $3.24 EPS. The business's quarterly revenue was down 9.3% on a year-over-year basis. As a group, research analysts expect that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is presently 41.62%.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the company'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 sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NXPI has been the topic of a number of analyst reports. Barclays dropped their target price on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Susquehanna dropped their target price on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Needham & Company LLC dropped their target price on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research report on Tuesday. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research report on Monday, April 21st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $252.85.

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.