NXP Semiconductors (NASDAQ:NXPI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in NXP Semiconductors (NASDAQ:NXPI) by 4.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 233,242 shares of the semiconductor provider’s stock after selling 11,219 shares during the period. New York State Teachers Retirement System’s holdings in NXP Semiconductors were worth $48,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NXPI. Crumly & Associates Inc. lifted its stake in shares of NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after purchasing an additional 45 shares during the period. Sterling Investment Counsel LLC raised its position in NXP Semiconductors by 5.7% during the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock worth $204,000 after acquiring an additional 46 shares during the last quarter. Ascent Group LLC raised its position in NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after acquiring an additional 46 shares during the last quarter. Central Bank & Trust Co. raised its position in NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after acquiring an additional 48 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. raised its position in NXP Semiconductors by 6.4% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock worth $207,000 after acquiring an additional 52 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $224.14 on Friday. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The firm has a 50 day moving average price of $213.05 and a 200 day moving average price of $228.56. The company has a market cap of $56.97 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 2.64 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.81%. NXP Semiconductors’s dividend payout ratio is currently 41.73%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NXPI. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their target price for the stock from $260.00 to $257.00 in a research report on Friday, January 10th. Susquehanna cut their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Barclays cut their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Citigroup raised shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $200.00 to $210.00 in a research report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.45.

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.