NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,041 shares of the semiconductor provider's stock after selling 1,412 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in NXP Semiconductors were worth $11,232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock valued at $2,572,694,000 after purchasing an additional 139,641 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of NXP Semiconductors by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider's stock valued at $1,231,533,000 after buying an additional 57,762 shares in the last quarter. Franklin Resources Inc. grew its position in shares of NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock valued at $1,063,322,000 after buying an additional 93,129 shares during the last quarter. Van ECK Associates Corp raised its stake in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after acquiring an additional 824,317 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in NXP Semiconductors by 0.7% in the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock valued at $655,453,000 after acquiring an additional 20,145 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

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NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock traded up $1.05 during trading hours on Tuesday, reaching $212.17. The company's stock had a trading volume of 582,208 shares, compared to its average volume of 2,287,834. 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 one year low of $196.95 and a one year high of $296.08. The company's 50 day simple moving average is $215.54 and its 200 day simple moving average is $222.68. The stock has a market cap of $53.81 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio is presently 41.62%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NXPI. Stifel Nicolaus reduced their target price on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Truist Financial increased their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Mizuho lifted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Morgan Stanley upgraded NXP Semiconductors from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $267.00.

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred 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 trade represents a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors Company 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.