Teacher Retirement System of Texas Sells 35,182 Shares of NXP Semiconductors (NASDAQ:NXPI)

Teacher Retirement System of Texas lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 70.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,026 shares of the semiconductor provider's stock after selling 35,182 shares during the period. Teacher Retirement System of Texas' holdings in NXP Semiconductors were worth $3,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NXPI. State Street Corp increased its holdings in shares of NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after buying an additional 139,641 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of NXP Semiconductors by 1.1% during 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. lifted its position in NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock worth $1,063,322,000 after buying an additional 93,129 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of NXP Semiconductors by 27.1% in 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 during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock valued at $655,453,000 after purchasing an additional 20,145 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NXPI traded down $10.07 during mid-day trading on Friday, reaching $189.99. The stock had a trading volume of 4,260,658 shares, compared to its average volume of 2,423,696. The business has a fifty day moving average of $214.68 and a 200 day moving average of $221.99. The firm has a market cap of $48.19 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 12 month low of $188.85 and a 12 month high of $296.08. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 annualized dividend and a yield of 2.13%. NXP Semiconductors's dividend payout ratio (DPR) is currently 41.62%.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business'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 transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NXPI shares. Mizuho boosted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Barclays reduced their target price on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, Citigroup raised shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and lifted their target price for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus target price of $267.00.

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.