Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,412 Shares of NXP Semiconductors (NASDAQ:NXPI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,041 shares of the semiconductor provider’s stock after selling 1,412 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NXP Semiconductors were worth $11,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NXPI. Avior Wealth Management LLC grew its stake in NXP Semiconductors by 182.1% in the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock worth $53,000 after purchasing an additional 142 shares in the last quarter. Commerce Bank boosted its position in NXP Semiconductors by 1.2% during the 3rd quarter. Commerce Bank now owns 7,562 shares of the semiconductor provider’s stock valued at $1,815,000 after acquiring an additional 87 shares in the last quarter. Advisors Asset Management Inc. boosted its position in NXP Semiconductors by 1.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 21,674 shares of the semiconductor provider’s stock valued at $5,202,000 after acquiring an additional 248 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in NXP Semiconductors by 31.8% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,389 shares of the semiconductor provider’s stock valued at $573,000 after acquiring an additional 576 shares in the last quarter. Finally, Trustmark National Bank Trust Department boosted its position in NXP Semiconductors by 6.8% during the 3rd quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider’s stock valued at $221,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NXPI has been the topic of several recent research reports. Mizuho increased their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Truist Financial increased their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Barclays dropped their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Needham & Company LLC lowered their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now owns 8,828 shares in the company, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $200.64 on Friday. The stock has a 50-day simple moving average of $215.46 and a two-hundred day simple moving average of $223.06. The firm has a market capitalization of $50.89 billion, a P/E ratio of 20.62, a PEG ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a fifty-two week low of $196.95 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.02%. NXP Semiconductors’s payout ratio is currently 41.62%.

About NXP Semiconductors

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.