New York State Common Retirement Fund Decreases Stake in NXP Semiconductors (NASDAQ:NXPI)

New York State Common Retirement Fund trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,590 shares of the semiconductor provider’s stock after selling 5,667 shares during the period. New York State Common Retirement Fund’s holdings in NXP Semiconductors were worth $19,199,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NXPI. Operose Advisors LLC acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at $26,000. Valley National Advisers Inc. raised its holdings in shares of NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after buying an additional 68 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in shares of NXP Semiconductors during the third quarter worth about $28,000. Paradigm Asset Management Co. LLC grew its holdings in NXP Semiconductors by 100.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock worth $40,000 after acquiring an additional 100 shares during the period. Finally, Atticus Wealth Management LLC raised its position in NXP Semiconductors by 358.7% in the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock worth $42,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $242.70 on Friday. The stock has a fifty day moving average price of $241.20 and a 200 day moving average price of $219.86. NXP Semiconductors has a 52 week low of $155.31 and a 52 week high of $264.26. The firm has a market capitalization of $62.16 billion, a P/E ratio of 22.66, a PEG ratio of 0.92 and a beta of 1.59. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. Equities research analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.67%. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NXPI. Mizuho upped their price target on shares of NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Wolfe Research raised shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 target price for the company in a report on Thursday, January 18th. Morgan Stanley lifted their price target on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. upped their price target on NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Finally, Oppenheimer lifted their price objective on NXP Semiconductors from $220.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.29.

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 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.