New York State Common Retirement Fund Sells 35,851 Shares of NXP Semiconductors NV (NASDAQ:NXPI)

New York State Common Retirement Fund cut its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 516,814 shares of the semiconductor provider’s stock after selling 35,851 shares during the period. New York State Common Retirement Fund owned approximately 0.18% of NXP Semiconductors worth $65,770,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of NXPI. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in NXP Semiconductors by 13.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,031 shares of the semiconductor provider’s stock worth $1,749,000 after acquiring an additional 1,926 shares in the last quarter. Signaturefd LLC raised its holdings in NXP Semiconductors by 8.4% during the third quarter. Signaturefd LLC now owns 2,464 shares of the semiconductor provider’s stock worth $269,000 after acquiring an additional 190 shares in the last quarter. Vigilant Capital Management LLC raised its holdings in NXP Semiconductors by 2.8% during the third quarter. Vigilant Capital Management LLC now owns 146,479 shares of the semiconductor provider’s stock worth $15,984,000 after acquiring an additional 3,986 shares in the last quarter. Renaissance Investment Group LLC raised its holdings in NXP Semiconductors by 0.5% during the third quarter. Renaissance Investment Group LLC now owns 57,448 shares of the semiconductor provider’s stock worth $6,269,000 after acquiring an additional 278 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in NXP Semiconductors by 5.9% during the third quarter. Envestnet Asset Management Inc. now owns 224,521 shares of the semiconductor provider’s stock worth $24,500,000 after acquiring an additional 12,443 shares in the last quarter. 89.71% of the stock is owned by institutional investors and hedge funds.

NASDAQ:NXPI opened at $137.83 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.78. The stock’s 50 day moving average price is $131.08 and its two-hundred day moving average price is $115.41. The firm has a market capitalization of $37.88 billion, a price-to-earnings ratio of 162.15, a P/E/G ratio of 1.51 and a beta of 1.28. NXP Semiconductors NV has a 12-month low of $85.38 and a 12-month high of $138.43.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, February 3rd. The semiconductor provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.28. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.28 billion. NXP Semiconductors had a return on equity of 24.09% and a net margin of 2.74%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 earnings per share. Equities research analysts expect that NXP Semiconductors NV will post 7.04 EPS for the current year.

Several analysts recently issued reports on the company. Bank of America upped their target price on NXP Semiconductors from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Jefferies Financial Group upped their target price on NXP Semiconductors from $119.00 to $127.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Deutsche Bank upped their target price on NXP Semiconductors from $127.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Barclays reiterated a “buy” rating and set a $150.00 target price on shares of NXP Semiconductors in a report on Sunday, January 19th. Finally, Loop Capital upped their target price on NXP Semiconductors to and gave the stock a “buy” rating in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $136.71.

In other NXP Semiconductors news, EVP Stephen Owen sold 8,294 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $122.00, for a total value of $1,011,868.00. Following the sale, the executive vice president now owns 1,883 shares in the company, valued at $229,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

About NXP Semiconductors

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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