VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Position in NXP Semiconductors N.V. $NXPI

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 38,600 shares of the semiconductor provider’s stock, valued at approximately $8,434,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. grew its holdings in NXP Semiconductors by 3.3% during the 1st quarter. Fox Run Management L.L.C. now owns 1,669 shares of the semiconductor provider’s stock worth $317,000 after acquiring an additional 54 shares in the last quarter. AlphaCore Capital LLC grew its holdings in NXP Semiconductors by 3.5% during the 1st quarter. AlphaCore Capital LLC now owns 1,635 shares of the semiconductor provider’s stock worth $312,000 after acquiring an additional 55 shares in the last quarter. TFB Advisors LLC grew its holdings in NXP Semiconductors by 4.9% during the 1st quarter. TFB Advisors LLC now owns 1,203 shares of the semiconductor provider’s stock worth $229,000 after acquiring an additional 56 shares in the last quarter. Manchester Capital Management LLC grew its holdings in NXP Semiconductors by 14.7% during the 1st quarter. Manchester Capital Management LLC now owns 446 shares of the semiconductor provider’s stock worth $85,000 after acquiring an additional 57 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in NXP Semiconductors by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,810 shares of the semiconductor provider’s stock worth $4,145,000 after acquiring an additional 58 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the subject of several recent analyst reports. KeyCorp boosted their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Stifel Nicolaus upped their price target on shares of NXP Semiconductors from $170.00 to $210.00 and gave the company a “hold” rating in a research report on Friday, July 18th. Needham & Company LLC upped their price target on shares of NXP Semiconductors from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, July 22nd. Finally, Citigroup upped their price target on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $257.06.

Insider Transactions at NXP Semiconductors

In other news, President Rafael Sotomayor sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total transaction of $439,140.00. Following the transaction, the president directly owned 4,958 shares of the company’s stock, valued at $1,088,628.06. This represents a 28.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO William Betz sold 6,785 shares of the company’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the transaction, the chief financial officer directly owned 1,520 shares in the company, valued at approximately $345,556.80. This trade represents a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,785 shares of company stock valued at $2,197,852 in the last ninety days. 0.12% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $219.82 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $256.62. The stock has a market cap of $55.42 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 2.43 and a beta of 1.44. The firm’s fifty day simple moving average is $225.78 and its 200-day simple moving average is $211.58.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company posted $3.20 EPS. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. Analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 17th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. NXP Semiconductors’s dividend payout ratio is 48.39%.

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.