California Public Employees Retirement System Lowers Holdings in NXP Semiconductors (NASDAQ:NXPI)

California Public Employees Retirement System cut its position in NXP Semiconductors (NASDAQ:NXPI) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 501,525 shares of the semiconductor provider’s stock after selling 20,852 shares during the quarter. California Public Employees Retirement System’s holdings in NXP Semiconductors were worth $115,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Operose Advisors LLC purchased a new stake in shares of NXP Semiconductors during the 3rd quarter valued at $26,000. BluePath Capital Management LLC purchased a new stake in shares of NXP Semiconductors during the 3rd quarter valued at $28,000. Valley National Advisers Inc. raised its position in shares of NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after buying an additional 68 shares in the last quarter. Paradigm Asset Management Co. LLC raised its position in NXP Semiconductors by 100.0% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock worth $40,000 after purchasing an additional 100 shares during the period. Finally, Atticus Wealth Management LLC raised its position in NXP Semiconductors by 358.7% in the 3rd quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock worth $42,000 after purchasing an additional 165 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Up 3.2 %

Shares of NXP Semiconductors stock opened at $225.61 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91. The stock has a market capitalization of $57.78 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 0.82 and a beta of 1.59. NXP Semiconductors has a 52-week low of $155.31 and a 52-week high of $264.26. The company has a 50-day simple moving average of $240.90 and a two-hundred day simple moving average of $219.18.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. On average, analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a yield of 1.80%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.91%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. TD Cowen raised their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, March 12th. Wolfe Research raised shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price target on the stock in a report on Thursday, January 18th. Morgan Stanley raised their price target on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Finally, Oppenheimer raised their price target on shares of NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $242.29.

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.