Teacher Retirement System of Texas Sells 35,182 Shares of NXP Semiconductors (NASDAQ:NXPI)

Teacher Retirement System of Texas lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 70.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,026 shares of the semiconductor provider’s stock after selling 35,182 shares during the period. Teacher Retirement System of Texas’ holdings in NXP Semiconductors were worth $3,123,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NXP Semiconductors by 387.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock valued at $550,665,000 after purchasing an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp raised its position in 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 during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of NXP Semiconductors by 337.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after acquiring an additional 724,951 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of NXP Semiconductors by 1,172.3% during 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. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of NXP Semiconductors in the 3rd quarter worth $48,002,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NXPI. Stifel Nicolaus reduced their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Truist Financial boosted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Needham & Company LLC cut their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Mizuho increased their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $211.33 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $53.60 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 52 week low of $196.95 and a 52 week high of $296.08. The firm has a 50 day moving average of $215.56 and a 200 day moving average of $222.57.

NXP Semiconductors Announces Dividend

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 issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

About NXP Semiconductors

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.