NXP Semiconductors (NASDAQ:NXPI) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury reduced its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 25.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,675 shares of the semiconductor provider's stock after selling 18,252 shares during the period. State of Tennessee Department of Treasury's holdings in NXP Semiconductors were worth $11,156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth $672,224,000. Van ECK Associates Corp lifted its stake in shares of NXP Semiconductors by 27.1% in the fourth 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 during the period. Assenagon Asset Management S.A. increased its position in shares of NXP Semiconductors by 1,172.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock worth $115,396,000 after buying an additional 511,553 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of NXP Semiconductors by 14.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after acquiring an additional 500,413 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in NXP Semiconductors by 36.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,552,802 shares of the semiconductor provider's stock valued at $322,764,000 after buying an additional 414,932 shares in the last quarter. Institutional investors own 90.54% of the company's stock.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the company'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 transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NXPI shares. Arete Research upgraded NXP Semiconductors to a "strong-buy" rating in a research note on Tuesday, March 25th. Needham & Company LLC decreased their price target 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. Mizuho boosted their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. cut their target price on NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus lowered their price objective on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $258.10.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded down $0.02 during trading on Friday, reaching $193.55. The stock had a trading volume of 2,485,588 shares, compared to its average volume of 2,584,846. 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 1-year low of $148.09 and a 1-year high of $296.08. The stock has a market cap of $49.09 billion, a PE ratio of 19.89, a PEG ratio of 3.01 and a beta of 1.40. The business has a fifty day moving average price of $197.09 and a 200-day moving average price of $213.02.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.10%. NXP Semiconductors's dividend payout ratio is presently 41.62%.

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.