Oregon Public Employees Retirement Fund Raises Stock Position in NXP Semiconductors N.V. $NXPI

Oregon Public Employees Retirement Fund increased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 31.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 28,743 shares of the semiconductor provider’s stock after acquiring an additional 6,933 shares during the period. Oregon Public Employees Retirement Fund’s holdings in NXP Semiconductors were worth $6,546,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brown Lisle Cummings Inc. increased its position in shares of NXP Semiconductors by 121.7% during the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 84 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 2nd quarter worth $35,000. True Wealth Design LLC grew its stake in NXP Semiconductors by 375.6% during the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after buying an additional 154 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in NXP Semiconductors during the 2nd quarter valued at about $43,000. Finally, North Capital Inc. raised its stake in NXP Semiconductors by 119.8% in the third quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock valued at $43,000 after buying an additional 103 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TD Cowen dropped their price target on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Arete Research lifted their target price on shares of NXP Semiconductors from $273.90 to $324.40 and gave the stock a “buy” rating in a research note on Monday, December 8th. Evercore ISI upped their price target on shares of NXP Semiconductors from $289.00 to $292.00 in a research note on Wednesday, October 29th. Truist Financial raised their price target on shares of NXP Semiconductors from $254.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $280.00 price objective on shares of NXP Semiconductors in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.62.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $241.15 on Friday. The company has a 50 day simple moving average of $214.91 and a two-hundred day simple moving average of $220.26. The stock has a market cap of $60.69 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 3.03 and a beta of 1.46. The company has a current ratio of 2.37, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $255.45.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the business earned $3.45 EPS. As a group, analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th were paid a dividend of $1.014 per share. The ex-dividend date was Wednesday, December 10th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 50.12%.

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.