Louisiana State Employees Retirement System Sells 1,400 Shares of NXP Semiconductors (NASDAQ:NXPI)

Louisiana State Employees Retirement System lowered its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,300 shares of the semiconductor provider's stock after selling 1,400 shares during the period. Louisiana State Employees Retirement System's holdings in NXP Semiconductors were worth $6,714,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NXP Semiconductors by 387.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider's stock valued at $550,665,000 after purchasing an additional 1,823,650 shares during the period. Van ECK Associates Corp lifted its holdings in shares of NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider's stock worth $718,680,000 after acquiring an additional 1,222,736 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of NXP Semiconductors by 337.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider's stock worth $225,591,000 after acquiring an additional 724,951 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of NXP Semiconductors by 24,533.2% during the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider's stock worth $123,447,000 after acquiring an additional 512,253 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of NXP Semiconductors by 1,172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock worth $115,396,000 after acquiring an additional 511,553 shares during the period. Institutional investors own 90.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Susquehanna cut their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Needham & Company LLC dropped their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Barclays dropped their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, StockNews.com downgraded shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $264.45.

NXP Semiconductors Trading Up 2.1 %

Shares of NXPI traded up $4.55 during trading hours on Friday, hitting $224.14. 3,085,358 shares of the stock were exchanged, compared to its average volume of 2,691,124. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The business has a 50-day moving average of $213.16 and a 200-day moving average of $228.34. The firm has a market capitalization of $56.97 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors's dividend payout ratio is presently 41.73%.

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.