Public Employees Retirement System of Ohio Invests $2.44 Million in NXP Semiconductors (NASDAQ:NXPI)

Public Employees Retirement System of Ohio acquired a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,178 shares of the semiconductor provider's stock, valued at approximately $2,443,000.

A number of other large investors have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of 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 worth $550,665,000 after buying an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp raised its stake 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 purchasing an additional 1,222,736 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of NXP Semiconductors by 337.2% in 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 buying an additional 724,951 shares during the last quarter. International Assets Investment Management LLC grew its position in NXP Semiconductors by 24,533.2% during the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider's stock valued at $123,447,000 after buying an additional 512,253 shares during the period. Finally, Ceredex Value Advisors LLC purchased a new stake in NXP Semiconductors during the third quarter worth about $84,901,000. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Price Performance

NXPI traded down $8.73 during midday trading on Wednesday, hitting $210.29. The stock had a trading volume of 3,548,047 shares, compared to its average volume of 2,308,312. The company has a market cap of $53.45 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 4.37 and a beta of 1.46. NXP Semiconductors has a 1 year low of $201.58 and a 1 year high of $296.08. The business has a fifty day moving average of $229.61 and a 200 day moving average of $245.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

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

NXP Semiconductors Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.93%. NXP Semiconductors's payout ratio is 38.74%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NXPI. TD Cowen reduced their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group decreased their target price on NXP Semiconductors from $285.00 to $277.00 in a research report on Friday, October 11th. Wells Fargo & Company assumed coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an "overweight" rating and a $250.00 price target for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $270.00 price objective on shares of NXP Semiconductors in a report on Monday, November 4th. Finally, Evercore ISI lowered their price target on shares of NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $274.14.

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.