Teachers Retirement System of The State of Kentucky Sells 8,386 Shares of NXP Semiconductors (NASDAQ:NXPI)

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,284 shares of the semiconductor provider's stock after selling 8,386 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of NXP Semiconductors worth $45,431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GDS Wealth Management boosted its stake in NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider's stock worth $13,378,000 after purchasing an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC bought a new position in shares of NXP Semiconductors in the third quarter worth approximately $13,445,000. Banque Cantonale Vaudoise grew its holdings in shares of NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider's stock valued at $6,204,000 after buying an additional 9,710 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of NXP Semiconductors by 21.1% during the second quarter. Mackenzie Financial Corp now owns 154,293 shares of the semiconductor provider's stock valued at $41,519,000 after acquiring an additional 26,851 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in NXP Semiconductors by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider's stock worth $72,938,000 after acquiring an additional 5,722 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NASDAQ:NXPI traded up $1.90 on Wednesday, reaching $219.84. 2,311,992 shares of the company's stock traded hands, compared to its average volume of 2,289,629. The stock has a 50-day simple moving average of $231.21 and a 200-day simple moving average of $247.65. NXP Semiconductors has a 12 month low of $201.58 and a 12 month high of $296.08. The firm has a market cap of $55.87 billion, a PE ratio of 20.83, a P/E/G ratio of 4.41 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the company earned $3.31 EPS. The firm's quarterly revenue was down 5.4% on a year-over-year basis. Equities research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.84%. NXP Semiconductors's dividend payout ratio is 38.74%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NXPI shares. Barclays lowered their price target on NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. TD Cowen lowered their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group reduced their price target on shares of NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Truist Financial dropped their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Finally, Evercore ISI lowered their price target on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and a consensus target price of $274.14.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

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.