NXP Semiconductors (NASDAQ:NXPI) Holdings Lowered by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in NXP Semiconductors (NASDAQ:NXPI) by 12.7% in the 4th quarter, HoldingsChannel reports. The fund owned 1,094,746 shares of the semiconductor provider’s stock after selling 159,647 shares during the period. California Public Employees Retirement System’s holdings in NXP Semiconductors were worth $227,543,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NXPI. Vanguard Group Inc. raised its position in NXP Semiconductors by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock worth $2,769,048,000 after acquiring an additional 99,667 shares in the last quarter. State Street Corp lifted its stake in NXP Semiconductors by 1.3% during the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after purchasing an additional 139,641 shares during the last quarter. Geode Capital Management LLC boosted its holdings in NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after buying an additional 57,762 shares in the last quarter. Franklin Resources Inc. grew its position in NXP Semiconductors by 2.1% in the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after buying an additional 93,129 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of NXP Semiconductors by 14.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider’s stock valued at $849,336,000 after buying an additional 500,413 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insiders Place Their Bets

In related news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NXPI shares. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. Susquehanna reduced their price objective on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Mizuho lifted their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, Stifel Nicolaus reduced their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Down 5.0 %

NXPI opened at $189.99 on Monday. The company has a market capitalization of $48.19 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The business has a 50-day moving average of $214.68 and a 200-day moving average of $221.93. NXP Semiconductors has a fifty-two week low of $188.85 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 2.13%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is 41.62%.

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.