Louisiana State Employees Retirement System Acquires New Shares in NXP Semiconductors (NASDAQ:NXPI)

Louisiana State Employees Retirement System acquired a new stake in NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 12,300 shares of the semiconductor provider’s stock, valued at approximately $1,956,000.

A number of other institutional investors have also added to or reduced their stakes in NXPI. Cubist Systematic Strategies LLC increased its position in NXP Semiconductors by 220.3% in the second quarter. Cubist Systematic Strategies LLC now owns 23,011 shares of the semiconductor provider’s stock worth $2,624,000 after buying an additional 15,826 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth about $182,000. Great West Life Assurance Co. Can lifted its holdings in shares of NXP Semiconductors by 21.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 205,046 shares of the semiconductor provider’s stock worth $23,290,000 after acquiring an additional 35,593 shares during the period. RMR Wealth Builders purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth about $41,000. Finally, Charles Schwab Investment Management Inc. increased its position in NXP Semiconductors by 243.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 734,898 shares of the semiconductor provider’s stock worth $83,809,000 after purchasing an additional 520,741 shares in the last quarter. Institutional investors and hedge funds own 83.82% of the company’s stock.

NXP Semiconductors stock opened at $177.42 on Thursday. The business has a 50 day moving average price of $161.36 and a two-hundred day moving average price of $136.19. The company has a quick ratio of 1.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.84. The stock has a market cap of $49.63 billion, a price-to-earnings ratio of -334.75, a price-to-earnings-growth ratio of 3.36 and a beta of 1.53. NXP Semiconductors has a 12 month low of $58.41 and a 12 month high of $182.55.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, October 26th. The semiconductor provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.26 by $0.14. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. NXP Semiconductors had a positive return on equity of 17.16% and a negative net margin of 1.70%. On average, analysts expect that NXP Semiconductors will post 4.68 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 15th were issued a $0.375 dividend. The ex-dividend date was Monday, December 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.85%. NXP Semiconductors’s payout ratio is presently 18.66%.

A number of analysts recently issued reports on NXPI shares. Loop Capital increased their target price on shares of NXP Semiconductors from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Truist upped their price target on shares of NXP Semiconductors from $135.00 to $161.00 in a research report on Friday, October 9th. Oppenheimer reiterated a “hold” rating on shares of NXP Semiconductors in a research report on Tuesday. Morgan Stanley increased their target price on shares of NXP Semiconductors from $162.00 to $177.00 and gave the stock an “overweight” rating in a research report on Monday, December 14th. Finally, Barclays increased their target price on shares of NXP Semiconductors from $130.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. NXP Semiconductors currently has a consensus rating of “Buy” and a consensus price target of $153.20.

In other NXP Semiconductors news, Director Jasmin Staiblin purchased 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were acquired at an average cost of $134.30 per share, for a total transaction of $201,450.00. Following the transaction, the director now directly owns 2,642 shares in the company, valued at $354,820.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen Owen sold 3,000 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $134.50, for a total value of $403,500.00. Following the completion of the transaction, the executive vice president now owns 11,395 shares in the company, valued at $1,532,627.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,128 shares of company stock valued at $6,171,512. 0.56% of the stock is currently owned by insiders.

NXP Semiconductors 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 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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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