NXP Semiconductors (NASDAQ:NXPI) Stock Holdings Lessened by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 32,300 shares of the semiconductor provider’s stock after selling 1,400 shares during the period. Louisiana State Employees Retirement System’s holdings in NXP Semiconductors were worth $6,714,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GDS Wealth Management lifted its holdings in shares of NXP Semiconductors by 7.7% during the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after purchasing an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new stake in NXP Semiconductors during the 3rd quarter worth about $13,445,000. Merit Financial Group LLC purchased a new stake in NXP Semiconductors during the fourth quarter valued at about $360,000. Banque Cantonale Vaudoise boosted its holdings in shares of NXP Semiconductors by 60.2% in the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after buying an additional 9,710 shares during the period. Finally, Austin Private Wealth LLC increased its position in shares of NXP Semiconductors by 140.6% in the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after acquiring an additional 1,869 shares in the last quarter. 90.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup upgraded shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and upped their price target for the company from $200.00 to $210.00 in a research report on Wednesday, February 5th. Mizuho set a $290.00 target price on NXP Semiconductors in a report on Friday, October 18th. Loop Capital initiated coverage on NXP Semiconductors in a research report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price for the company. Evercore ISI dropped their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $263.15.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $210.97 on Wednesday. The firm has a market cap of $53.62 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46. The company’s fifty day moving average is $213.42 and its 200-day moving average is $228.99. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were issued a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.92%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 41.73%.

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.