Oregon Public Employees Retirement Fund Purchases 6,933 Shares of NXP Semiconductors N.V. $NXPI

Oregon Public Employees Retirement Fund increased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 31.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,743 shares of the semiconductor provider’s stock after purchasing an additional 6,933 shares during the period. Oregon Public Employees Retirement Fund’s holdings in NXP Semiconductors were worth $6,546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of NXP Semiconductors by 1.4% during the second quarter. Vanguard Group Inc. now owns 13,350,245 shares of the semiconductor provider’s stock valued at $2,916,895,000 after buying an additional 184,295 shares during the period. State Street Corp lifted its stake in shares of NXP Semiconductors by 0.7% during the 2nd quarter. State Street Corp now owns 10,934,800 shares of the semiconductor provider’s stock worth $2,399,555,000 after acquiring an additional 71,892 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of NXP Semiconductors by 1.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,237,369 shares of the semiconductor provider’s stock worth $1,799,783,000 after acquiring an additional 103,319 shares during the last quarter. Geode Capital Management LLC boosted its holdings in NXP Semiconductors by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,571,644 shares of the semiconductor provider’s stock valued at $1,212,425,000 after acquiring an additional 204,547 shares during the period. Finally, Ameriprise Financial Inc. grew its position in NXP Semiconductors by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,567,140 shares of the semiconductor provider’s stock valued at $779,330,000 after acquiring an additional 162,553 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In related news, insider Julie Southern acquired 225 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was purchased at an average cost of $225.48 per share, for a total transaction of $50,733.00. Following the purchase, the insider directly owned 11,937 shares of the company’s stock, valued at $2,691,554.76. This trade represents a 1.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Christopher L. Jensen sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total value of $524,791.00. Following the sale, the executive vice president directly owned 9,965 shares in the company, valued at approximately $2,273,714.05. The trade was a 18.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 23,097 shares of company stock valued at $5,003,058. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Evercore ISI lifted their target price on NXP Semiconductors from $289.00 to $292.00 in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. Sanford C. Bernstein set a $220.00 price objective on shares of NXP Semiconductors and gave the company a “market perform” rating in a research report on Wednesday, October 29th. Stifel Nicolaus set a $215.00 target price on shares of NXP Semiconductors in a research note on Tuesday, October 28th. Finally, TD Cowen decreased their price target on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.62.

NXP Semiconductors Stock Up 1.4%

NASDAQ:NXPI opened at $241.15 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $255.45. The company has a 50-day moving average of $214.91 and a 200 day moving average of $220.26. The firm has a market cap of $60.69 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 3.03 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the firm posted $3.45 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, research analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors’s dividend payout ratio is currently 50.12%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.