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

Kentucky Retirement Systems reduced its holdings in NXP Semiconductors (NASDAQ:NXPI) by 5.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 19,575 shares of the semiconductor provider’s stock after selling 1,049 shares during the quarter. Kentucky Retirement Systems’ holdings in NXP Semiconductors were worth $4,850,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. LRI Investments LLC acquired a new stake in shares of NXP Semiconductors in the 1st quarter worth about $168,000. Capital Research Global Investors increased its holdings in shares of NXP Semiconductors by 9.0% in the 1st quarter. Capital Research Global Investors now owns 844,272 shares of the semiconductor provider’s stock worth $209,185,000 after acquiring an additional 69,646 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of NXP Semiconductors by 5.2% in the 1st quarter. Advisors Asset Management Inc. now owns 19,849 shares of the semiconductor provider’s stock worth $4,918,000 after acquiring an additional 986 shares during the period. Axxcess Wealth Management LLC increased its holdings in shares of NXP Semiconductors by 39.3% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,869 shares of the semiconductor provider’s stock worth $711,000 after acquiring an additional 809 shares during the period. Finally, Freestone Capital Holdings LLC increased its holdings in shares of NXP Semiconductors by 5.3% in the 1st quarter. Freestone Capital Holdings LLC now owns 11,849 shares of the semiconductor provider’s stock worth $2,936,000 after acquiring an additional 596 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 2.5 %

Shares of NXPI traded up $6.11 during midday trading on Friday, hitting $253.62. The stock had a trading volume of 2,111,290 shares, compared to its average volume of 2,277,814. NXP Semiconductors has a fifty-two week low of $167.21 and a fifty-two week high of $296.08. The business has a 50-day simple moving average of $272.46 and a two-hundred day simple moving average of $249.94. The firm 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 company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 1.04.

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

NXP Semiconductors Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NXPI shares. Morgan Stanley dropped their price objective 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. The Goldman Sachs Group increased 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. TD Cowen lowered their target price on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. raised 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. Finally, Needham & Company LLC raised their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $294.89.

Insider Buying and Selling

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now directly owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

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.