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

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,600 shares of the semiconductor provider’s stock, valued at approximately $8,434,000.

A number of other large investors have also recently added to or reduced their stakes in NXPI. Wellington Management Group LLP grew its stake in NXP Semiconductors by 11.7% in the 1st quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider’s stock valued at $2,419,662,000 after acquiring an additional 1,330,474 shares during the last quarter. Nuveen LLC purchased a new position in NXP Semiconductors in the 1st quarter valued at about $219,878,000. Price T Rowe Associates Inc. MD lifted its holdings in NXP Semiconductors by 33.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider’s stock valued at $635,310,000 after purchasing an additional 839,113 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in NXP Semiconductors by 20.0% in the 1st quarter. Ameriprise Financial Inc. now owns 3,404,587 shares of the semiconductor provider’s stock valued at $647,387,000 after purchasing an additional 567,831 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in NXP Semiconductors by 44.7% in the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,730,255 shares of the semiconductor provider’s stock valued at $328,852,000 after purchasing an additional 534,404 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on NXPI shares. KeyCorp upped their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Wells Fargo & Company upped their target price on shares of NXP Semiconductors from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Truist Financial increased their price objective on shares of NXP Semiconductors from $230.00 to $252.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. TD Cowen cut their price objective on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.06.

Insider Activity

In other news, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the sale, the chief financial officer owned 1,520 shares in the company, valued at $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $216.21, for a total transaction of $216,210.00. Following the sale, the executive vice president owned 6,828 shares in the company, valued at $1,476,281.88. This represents a 12.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,785 shares of company stock worth $2,197,852 over the last 90 days. Company insiders own 0.12% of the company’s stock.

NXP Semiconductors Trading Up 2.6%

NASDAQ NXPI opened at $219.82 on Tuesday. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $256.62. The company’s 50 day moving average price is $225.78 and its 200 day moving average price is $211.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74. The firm has a market capitalization of $55.42 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 2.43 and a beta of 1.44.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the firm posted $3.20 earnings per share. NXP Semiconductors’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, sell-side analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 48.39%.

NXP Semiconductors Company 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.