NXP Semiconductors (NASDAQ:NXPI) Stake Cut by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado trimmed its stake in NXP Semiconductors (NASDAQ:NXPI) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 585,734 shares of the semiconductor provider’s stock after selling 11,377 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.23% of NXP Semiconductors worth $121,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in NXPI. Chelsea Counsel Co. grew its stake in NXP Semiconductors by 33.3% in the third quarter. Chelsea Counsel Co. now owns 300 shares of the semiconductor provider’s stock valued at $72,000 after purchasing an additional 75 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its position in NXP Semiconductors by 2.6% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 4,000 shares of the semiconductor provider’s stock valued at $960,000 after acquiring an additional 100 shares in the last quarter. World Investment Advisors LLC lifted its stake in NXP Semiconductors by 2,103.4% in the third quarter. World Investment Advisors LLC now owns 28,909 shares of the semiconductor provider’s stock valued at $6,938,000 after acquiring an additional 27,597 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of NXP Semiconductors during the 3rd quarter worth $1,574,000. Finally, Tidal Investments LLC lifted its stake in shares of NXP Semiconductors by 9.3% in the 3rd quarter. Tidal Investments LLC now owns 18,124 shares of the semiconductor provider’s stock valued at $4,350,000 after purchasing an additional 1,542 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NXPI. Truist Financial boosted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Needham & Company LLC reduced their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. JPMorgan Chase & Co. cut their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $258.10.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $193.55 on Friday. The firm has a market capitalization of $49.09 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a one year low of $148.09 and a one year high of $296.08. The business has a fifty day simple moving average of $197.09 and a 200 day simple moving average of $213.02. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

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.