New York State Common Retirement Fund Buys 141,455 Shares of NXP Semiconductors N.V. $NXPI

New York State Common Retirement Fund increased its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 224.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 204,584 shares of the semiconductor provider’s stock after acquiring an additional 141,455 shares during the quarter. New York State Common Retirement Fund’s holdings in NXP Semiconductors were worth $46,590,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of NXP Semiconductors during the second quarter valued at approximately $453,050,000. SG Americas Securities LLC increased its holdings in NXP Semiconductors by 307.7% during the 3rd quarter. SG Americas Securities LLC now owns 1,179,129 shares of the semiconductor provider’s stock worth $268,523,000 after purchasing an additional 889,883 shares during the period. Boston Partners raised its position in NXP Semiconductors by 73.6% during the 2nd quarter. Boston Partners now owns 2,086,769 shares of the semiconductor provider’s stock valued at $454,862,000 after purchasing an additional 884,403 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of NXP Semiconductors by 56.3% in the 2nd quarter. Rafferty Asset Management LLC now owns 1,916,922 shares of the semiconductor provider’s stock worth $418,828,000 after buying an additional 690,277 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of NXP Semiconductors by 104.3% during the 2nd quarter. California Public Employees Retirement System now owns 912,463 shares of the semiconductor provider’s stock worth $199,364,000 after buying an additional 465,820 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NXPI. Citigroup lifted their price objective on NXP Semiconductors from $275.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Truist Financial upped their price target on shares of NXP Semiconductors from $254.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. TD Cowen lifted their price objective on shares of NXP Semiconductors from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, January 16th. Evercore ISI upped their target price on NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Finally, Wells Fargo & Company increased their target price on NXP Semiconductors from $260.00 to $265.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $259.29.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $226.14 on Friday. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $255.45. The business’s fifty day simple moving average is $225.58 and its 200-day simple moving average is $221.24. The company has a current ratio of 2.37, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09. The company has a market cap of $56.91 billion, a PE ratio of 27.99, a PEG ratio of 2.92 and a beta of 1.46.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th were paid a $1.014 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio (DPR) is 50.25%.

Insiders Place Their Bets

In other news, EVP Christopher L. Jensen sold 2,300 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total transaction of $524,791.00. Following the sale, the executive vice president owned 9,965 shares in the company, valued at approximately $2,273,714.05. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Julie Southern acquired 225 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were bought at an average price of $225.48 per share, for a total transaction of $50,733.00. Following the acquisition, the insider owned 11,937 shares of the company’s stock, valued at approximately $2,691,554.76. This represents a 1.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders sold 23,097 shares of company stock valued at $5,003,058. 0.12% of the stock is currently owned by corporate insiders.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.