New York State Teachers Retirement System Sells 5,457 Shares of NXP Semiconductors (NASDAQ:NXPI)

New York State Teachers Retirement System lessened its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 244,461 shares of the semiconductor provider’s stock after selling 5,457 shares during the period. New York State Teachers Retirement System owned 0.10% of NXP Semiconductors worth $58,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after buying an additional 1,909,898 shares in the last quarter. International Assets Investment Management LLC grew its holdings in NXP Semiconductors by 24,533.2% in the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after buying an additional 512,253 shares in the last quarter. Bessemer Group Inc. grew its holdings in NXP Semiconductors by 4,525.6% in the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after buying an additional 349,061 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in NXP Semiconductors by 974.4% in the 1st quarter. Westfield Capital Management Co. LP now owns 374,539 shares of the semiconductor provider’s stock valued at $92,799,000 after buying an additional 339,678 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in NXP Semiconductors by 1,882.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider’s stock valued at $92,438,000 after buying an additional 326,197 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $245.32 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $62.49 billion, a PE ratio of 22.93, a P/E/G ratio of 2.63 and a beta of 1.49. NXP Semiconductors has a 12 month low of $167.50 and a 12 month high of $296.08. The stock has a 50-day moving average price of $238.05 and a two-hundred day moving average price of $252.88.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 annualized dividend and a yield of 1.65%. NXP Semiconductors’s dividend payout ratio is presently 37.94%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays upped their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. TD Cowen reduced their target price on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Cantor Fitzgerald reduced their target price on NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, October 8th. Truist Financial reduced their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Citic Securities began coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $288.90.

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.