State of New Jersey Common Pension Fund D raised its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,755 shares of the semiconductor provider’s stock after acquiring an additional 3,054 shares during the period. State of New Jersey Common Pension Fund D’s holdings in NXP Semiconductors were worth $19,757,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in NXP Semiconductors by 1.0% in the third quarter. PNC Financial Services Group Inc. now owns 72,143 shares of the semiconductor provider’s stock valued at $16,429,000 after purchasing an additional 724 shares in the last quarter. Aberdeen Group plc increased its holdings in shares of NXP Semiconductors by 21.0% in the 3rd quarter. Aberdeen Group plc now owns 528,194 shares of the semiconductor provider’s stock worth $118,593,000 after buying an additional 91,807 shares during the last quarter. Camden National Bank increased its holdings in shares of NXP Semiconductors by 8.6% in the 3rd quarter. Camden National Bank now owns 1,255 shares of the semiconductor provider’s stock worth $286,000 after buying an additional 99 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of NXP Semiconductors by 31.9% during the 3rd quarter. CENTRAL TRUST Co now owns 603 shares of the semiconductor provider’s stock valued at $137,000 after buying an additional 146 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of NXP Semiconductors by 5.8% during the 3rd quarter. Assetmark Inc. now owns 43,337 shares of the semiconductor provider’s stock worth $9,869,000 after acquiring an additional 2,365 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Trading Up 0.9%
NASDAQ NXPI opened at $244.43 on Monday. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $256.36. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average of $230.90 and a 200-day moving average of $221.75. The firm has a market cap of $61.52 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47.
NXP Semiconductors Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio is currently 51.13%.
Insider Activity at NXP Semiconductors
In related news, EVP Jennifer Wuamett sold 12,425 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the sale, the executive vice president directly owned 11,811 shares of the company’s stock, valued at $2,609,522.34. This trade represents a 51.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher L. Jensen sold 2,300 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total value of $524,791.00. Following the transaction, the executive vice president owned 9,965 shares in the company, valued at approximately $2,273,714.05. This represents a 18.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
NXPI has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of NXP Semiconductors in a report on Thursday, January 22nd. Citigroup reduced their price objective on NXP Semiconductors from $285.00 to $255.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Mizuho dropped their target price on NXP Semiconductors from $285.00 to $255.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Finally, Barclays reaffirmed an “overweight” rating and issued a $255.00 target price on shares of NXP Semiconductors in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $253.67.
View Our Latest Research Report on NXPI
NXP Semiconductors Profile
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
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