NXP Semiconductors (NASDAQ:NXPI) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,094,746 shares of the semiconductor provider’s stock after selling 159,647 shares during the period. California Public Employees Retirement System owned 0.43% of NXP Semiconductors worth $227,543,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NXPI. Norges Bank acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $672,224,000. Van ECK Associates Corp increased its position in shares of NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after acquiring an additional 824,317 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after acquiring an additional 511,553 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of NXP Semiconductors by 14.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock valued at $849,336,000 after acquiring an additional 500,413 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in NXP Semiconductors by 184.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 286,388 shares of the semiconductor provider’s stock worth $63,374,000 after purchasing an additional 185,688 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value 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 represents a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NXPI shares. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price objective for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Mizuho upped their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Barclays lowered their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Trading Down 5.0 %

NASDAQ:NXPI opened at $189.99 on Monday. NXP Semiconductors has a 12-month low of $188.85 and a 12-month high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The business has a 50 day simple moving average of $214.68 and a 200 day simple moving average of $221.93. The firm has a market capitalization of $48.19 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.13%. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

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.