New Mexico Educational Retirement Board Sells 400 Shares of NXP Semiconductors (NASDAQ:NXPI)

New Mexico Educational Retirement Board trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,100 shares of the semiconductor provider’s stock after selling 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in NXP Semiconductors were worth $2,515,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC grew its holdings in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. FSA Wealth Management LLC bought a new position in NXP Semiconductors during the 3rd quarter valued at about $33,000. Sound Income Strategies LLC grew its holdings in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. Brooklyn Investment Group grew its holdings in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares during the last quarter. Finally, Fortitude Family Office LLC grew its holdings in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 2.1 %

NASDAQ:NXPI opened at $224.14 on Friday. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The firm has a 50 day moving average of $213.16 and a 200 day moving average of $228.34. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $56.97 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.64 and a beta of 1.46.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a yield of 1.81%. NXP Semiconductors’s payout ratio is 41.73%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Susquehanna dropped their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. TD Cowen dropped their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Barclays dropped their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $264.45.

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.