Teacher Retirement System of Texas Lowers Holdings in NXP Semiconductors (NASDAQ:NXPI)

Teacher Retirement System of Texas lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 70.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 15,026 shares of the semiconductor provider’s stock after selling 35,182 shares during the period. Teacher Retirement System of Texas’ holdings in NXP Semiconductors were worth $3,123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its stake in shares of NXP Semiconductors by 1.3% during the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after purchasing an additional 139,641 shares during the period. Geode Capital Management LLC grew its position 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 valued at $1,231,533,000 after buying an additional 57,762 shares during the period. Franklin Resources Inc. increased its holdings 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 valued at $1,063,322,000 after buying an additional 93,129 shares in the last quarter. Van ECK Associates Corp increased its holdings in NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after buying an additional 824,317 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after acquiring an additional 20,145 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NXPI. Stifel Nicolaus cut their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Barclays cut their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Needham & Company LLC decreased their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Trading Up 0.1 %

NXPI opened at $211.33 on Wednesday. NXP Semiconductors has a 52 week low of $196.95 and a 52 week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $215.56 and a 200-day simple moving average of $222.57. The firm has a market cap of $53.60 billion, a P/E ratio of 21.72, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The company 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 1.92%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

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.