Teachers Retirement System of The State of Kentucky Cuts Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180,907 shares of the semiconductor provider's stock after selling 8,377 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.07% of NXP Semiconductors worth $37,601,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Central Bank & Trust Co. increased its stake in NXP Semiconductors by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock worth $917,000 after buying an additional 48 shares during the period. Parkside Financial Bank & Trust increased its position in shares of NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock worth $119,000 after acquiring an additional 51 shares during the period. Private Trust Co. NA raised its stake in shares of NXP Semiconductors by 5.8% during the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after acquiring an additional 53 shares in the last quarter. J. W. Coons Advisors LLC raised its stake in shares of NXP Semiconductors by 2.1% during the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock valued at $618,000 after acquiring an additional 60 shares in the last quarter. Finally, Hunter Associates Investment Management LLC boosted its holdings in shares of NXP Semiconductors by 0.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 20,060 shares of the semiconductor provider's stock valued at $4,180,000 after purchasing an additional 61 shares during the period. 90.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors Stock Performance

NASDAQ:NXPI traded up $6.21 during trading hours on Wednesday, hitting $180.87. 3,917,230 shares of the company were exchanged, compared to its average volume of 2,579,325. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08. The stock has a market capitalization of $45.87 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 3.01 and a beta of 1.40. The company's 50 day moving average price is $198.40 and its 200-day moving average price is $213.76.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.24%. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.

Analysts Set New Price Targets

A number of brokerages have weighed in on NXPI. StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Citigroup decreased their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. Truist Financial upped their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Stifel Nicolaus reduced their price target on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $258.10.

About NXP Semiconductors

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.