California Public Employees Retirement System Grows Stake in NXP Semiconductors N.V. $NXPI

California Public Employees Retirement System raised its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 41.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,592,213 shares of the semiconductor provider’s stock after buying an additional 470,254 shares during the quarter. California Public Employees Retirement System’s holdings in NXP Semiconductors were worth $313,443,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in NXPI. JPL Wealth Management LLC purchased a new stake in NXP Semiconductors in the third quarter worth $26,000. SHP Wealth Management bought a new stake in NXP Semiconductors in the fourth quarter valued at $27,000. Acumen Wealth Advisors LLC purchased a new position in NXP Semiconductors during the 4th quarter valued at $28,000. Jessup Wealth Management Inc purchased a new position in NXP Semiconductors during the 4th quarter valued at $29,000. Finally, Wexford Capital LP bought a new position in NXP Semiconductors in the 3rd quarter worth $31,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $266.53 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $67.29 billion, a P/E ratio of 25.51, a P/E/G ratio of 0.97 and a beta of 1.79. The business has a fifty day simple moving average of $298.25 and a two-hundred day simple moving average of $250.47. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.64 EPS. On average, equities analysts forecast that NXP Semiconductors N.V. will post 13.49 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.5%. NXP Semiconductors’s payout ratio is presently 38.85%.

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares of the company’s stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 12,611 shares of company stock worth $3,182,068. 0.05% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NXPI. Morgan Stanley raised their target price on shares of NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Citigroup reiterated a “neutral” rating on shares of NXP Semiconductors in a research report on Monday. Wells Fargo & Company increased their price target on shares of NXP Semiconductors from $265.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. Bank of America raised their price objective on shares of NXP Semiconductors from $275.00 to $310.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Finally, Wall Street Zen raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus target price of $307.27.

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.