NXP Semiconductors N.V. $NXPI Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 76.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 301,412 shares of the semiconductor provider’s stock after buying an additional 130,142 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in NXP Semiconductors were worth $59,336,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. JPL Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $26,000. SHP Wealth Management purchased a new position in NXP Semiconductors in the fourth quarter worth $27,000. Acumen Wealth Advisors LLC purchased a new position in NXP Semiconductors in the fourth quarter worth $28,000. Jessup Wealth Management Inc acquired a new stake in NXP Semiconductors in the fourth quarter valued at $29,000. Finally, Wexford Capital LP acquired a new stake in NXP Semiconductors in the third quarter valued at $31,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. BNP Paribas Exane boosted their price objective on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. TD Cowen upped their target price on shares of NXP Semiconductors from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company increased their target price on shares of NXP Semiconductors from $265.00 to $305.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $302.27.

Insider Transactions at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 4,576 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the transaction, the executive vice president directly owned 5,389 shares in the company, valued at $1,261,187.67. The trade was a 45.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,611 shares of company stock valued at $3,182,068 in the last ninety days. Corporate insiders own 0.05% of the company’s stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $292.26 on Monday. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm has a market capitalization of $73.79 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 1.05 and a beta of 1.79. The stock’s fifty day moving average is $300.17 and its two-hundred day moving average is $248.86. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.64 EPS. Analysts predict that NXP Semiconductors N.V. will post 13.4 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were given a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a dividend yield of 1.4%. NXP Semiconductors’s dividend payout ratio is currently 38.76%.

About NXP Semiconductors

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.