VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in NXP Semiconductors N.V. $NXPI

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,150 shares of the semiconductor provider’s stock, valued at approximately $6,506,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. California State Teachers Retirement System increased its stake in NXP Semiconductors by 29,659.8% during the 2nd quarter. California State Teachers Retirement System now owns 106,611,541 shares of the semiconductor provider’s stock valued at $29,961,041,000 after buying an additional 106,253,301 shares during the period. BlackRock Inc. acquired a new stake in shares of NXP Semiconductors in the 2nd quarter worth approximately $6,716,412,000. State Street Corp boosted its holdings in shares of NXP Semiconductors by 0.5% in the fourth quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock valued at $2,407,382,000 after acquiring an additional 55,098 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of NXP Semiconductors during the second quarter valued at approximately $21,099,000. Finally, Invesco Ltd. increased its stake in shares of NXP Semiconductors by 17.2% during the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after acquiring an additional 818,985 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 1.7%

NXP Semiconductors stock opened at $223.87 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The firm has a market cap of $56.45 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95. The firm’s 50 day moving average price is $248.05 and its two-hundred day moving average price is $251.64.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.72 EPS. On average, research analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is currently 34.64%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NXPI shares. Oppenheimer upped their target price on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Cantor Fitzgerald reiterated an “overweight” rating on shares of NXP Semiconductors in a research report on Tuesday. Mizuho dropped their price objective on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. Wall Street Zen upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Wells Fargo & Company decreased their target price on NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $305.65.

Insider Activity at NXP Semiconductors

In related news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. (NASDAQ: NXPI) is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.