Teacher Retirement System of Texas Sells 5,467 Shares of NXP Semiconductors N.V. $NXPI

Teacher Retirement System of Texas decreased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 12.3% during the third quarter, HoldingsChannel.com reports. The fund owned 38,987 shares of the semiconductor provider’s stock after selling 5,467 shares during the period. Teacher Retirement System of Texas’ holdings in NXP Semiconductors were worth $8,879,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 184,295 shares during the last quarter. State Street Corp boosted its holdings 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 buying an additional 71,892 shares during the period. Massachusetts Financial Services Co. MA grew its stake in NXP Semiconductors by 1.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,237,369 shares of the semiconductor provider’s stock valued at $1,799,783,000 after buying an additional 103,319 shares during the last quarter. Geode Capital Management LLC grew its stake in NXP Semiconductors by 3.8% in 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 buying an additional 204,547 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings 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 worth $779,330,000 after acquiring an additional 162,553 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $232.48 on Monday. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $255.45. The firm has a market capitalization of $58.51 billion, a PE ratio of 28.77, a PEG ratio of 2.91 and a beta of 1.46. The business’s 50 day moving average is $221.27 and its 200-day moving average is $221.02. The company has a current ratio of 2.37, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09.

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

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th were paid a $1.014 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. NXP Semiconductors’s dividend payout ratio is currently 50.25%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NXPI shares. Citigroup upped their price target on shares of NXP Semiconductors from $275.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Morgan Stanley restated an “overweight” rating on shares of NXP Semiconductors in a research note on Friday, January 16th. Sanford C. Bernstein set a $220.00 price target on NXP Semiconductors and gave the stock a “market perform” rating in a research report on Wednesday, October 29th. Mizuho upped their price target on NXP Semiconductors from $265.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Finally, Wells Fargo & Company raised their price objective on shares of NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued 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 target price of $259.29.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern bought 225 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were acquired at an average cost of $225.48 per share, for a total transaction of $50,733.00. Following the transaction, the insider owned 11,937 shares in the company, valued at approximately $2,691,554.76. The trade was a 1.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jennifer Wuamett sold 12,425 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the completion of the sale, the executive vice president directly owned 11,811 shares in the company, valued at approximately $2,609,522.34. The trade was a 51.27% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 23,097 shares of company stock valued at $5,003,058. Company insiders own 0.12% of the company’s stock.

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.