Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Holdings in NXP Semiconductors N.V. $NXPI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,541 shares of the semiconductor provider’s stock after selling 2,001 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NXP Semiconductors were worth $12,707,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $26,000. Wexford Capital LP purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $31,000. Kelleher Financial Advisors purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $31,000. Community Bank N.A. purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $37,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of NXP Semiconductors by 1,092.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 153 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

NXPI stock opened at $311.38 on Tuesday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The stock’s fifty day simple moving average is $250.51 and its 200-day simple moving average is $231.41. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $78.61 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.16 and a beta of 1.77.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the firm earned $2.64 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. Equities research analysts expect that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.85%.

Analysts Set New Price Targets

NXPI has been the subject of a number of analyst reports. Loop Capital increased their target price on NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Mizuho upped their price target on NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a report on Wednesday, April 29th. Morgan Stanley upped their price target on NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. KeyCorp upped their price target on NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of NXP Semiconductors in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $294.25.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $194.58, for a total value of $194,580.00. Following the transaction, the executive vice president directly owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This trade represents a 9.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher L. Jensen sold 4,576 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the completion of the transaction, the executive vice president directly owned 5,389 shares in the company, valued at $1,261,187.67. This trade represents a 45.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 10,865 shares of company stock valued at $2,508,416. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors Company 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.