NXP Semiconductors (NASDAQ:NXPI) Stock Holdings Lessened by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lowered its stake in NXP Semiconductors (NASDAQ:NXPI) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,506 shares of the semiconductor provider’s stock after selling 677 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in NXP Semiconductors were worth $2,108,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Lincoln National Corp raised its stake in NXP Semiconductors by 1.9% during the 4th quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock valued at $568,000 after purchasing an additional 46 shares during the period. Peterson Wealth Services raised its stake in NXP Semiconductors by 3.1% during the 1st quarter. Peterson Wealth Services now owns 1,520 shares of the semiconductor provider’s stock valued at $377,000 after purchasing an additional 46 shares during the period. RFG Advisory LLC raised its stake in NXP Semiconductors by 1.6% during the 1st quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock valued at $740,000 after purchasing an additional 47 shares during the period. CreativeOne Wealth LLC raised its stake in NXP Semiconductors by 4.5% during the 1st quarter. CreativeOne Wealth LLC now owns 1,103 shares of the semiconductor provider’s stock valued at $274,000 after purchasing an additional 47 shares during the period. Finally, FinTrust Capital Advisors LLC raised its stake in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the period. Institutional investors own 90.54% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of NXP Semiconductors from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley lowered their price target on shares of NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a report on Wednesday. Oppenheimer upped their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Finally, The Goldman Sachs Group upped their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $294.89.

NXP Semiconductors Stock Performance

Shares of NXPI traded up $6.11 during trading hours on Friday, reaching $253.62. 2,111,290 shares of the company traded hands, compared to its average volume of 2,277,814. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.64 and a current ratio of 2.21. The stock has a market cap of $64.60 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 2.71 and a beta of 1.49. The stock’s fifty day moving average is $272.46 and its 200 day moving average is $249.94.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business posted $3.04 earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts anticipate that NXP Semiconductors will post 12 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.60%. NXP Semiconductors’s dividend payout ratio is 37.49%.

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.