Retirement Systems of Alabama Has $11.44 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Retirement Systems of Alabama lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,028 shares of the semiconductor provider’s stock after selling 648 shares during the quarter. Retirement Systems of Alabama’s holdings in NXP Semiconductors were worth $11,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. ORG Wealth Partners LLC increased its position in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the period. FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the third quarter worth $33,000. Sound Income Strategies LLC increased its holdings in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the period. Brooklyn Investment Group raised its position in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its holdings in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after buying an additional 75 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $212.93 on Friday. The stock’s 50 day moving average is $214.22 and its 200-day moving average is $230.15. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $54.12 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 3.14 and a beta of 1.46.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NXPI shares. Wells Fargo & Company started coverage on NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research report on Friday, October 18th. Morgan Stanley dropped their price target on shares of NXP Semiconductors from $235.00 to $231.00 and set an “equal weight” rating on the stock in a research report on Wednesday. TD Cowen decreased their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $263.15.

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.