New York State Common Retirement Fund Sells 5,667 Shares of NXP Semiconductors (NASDAQ:NXPI)

New York State Common Retirement Fund decreased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,590 shares of the semiconductor provider’s stock after selling 5,667 shares during the quarter. New York State Common Retirement Fund’s holdings in NXP Semiconductors were worth $19,199,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in shares of NXP Semiconductors by 46.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock valued at $20,510,000 after acquiring an additional 28,518 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in NXP Semiconductors by 29.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock worth $28,846,000 after buying an additional 28,758 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in NXP Semiconductors by 27.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock worth $1,100,000 after buying an additional 1,019 shares during the period. Handelsbanken Fonder AB boosted its position in NXP Semiconductors by 33.4% during the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock valued at $31,320,000 after acquiring an additional 34,131 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of NXP Semiconductors by 15.2% in the 4th quarter. Mackenzie Financial Corp now owns 115,992 shares of the semiconductor provider’s stock valued at $26,641,000 after acquiring an additional 15,283 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $200.00 to $260.00 in a research note on Tuesday, January 16th. Mizuho increased their price target on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Evercore ISI assumed coverage on shares of NXP Semiconductors in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $300.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Truist Financial raised their target price on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Stock Up 1.9 %

NASDAQ:NXPI opened at $242.70 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The company’s fifty day moving average price is $241.20 and its 200-day moving average price is $219.86. NXP Semiconductors has a 1-year low of $155.31 and a 1-year high of $264.26. The firm has a market capitalization of $62.16 billion, a P/E ratio of 22.66, a PEG ratio of 0.92 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.04. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. As a group, equities research analysts anticipate that NXP Semiconductors will post 12.21 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s payout ratio is presently 37.91%.

NXP Semiconductors 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.