New York State Teachers Retirement System Reduces Position in NXP Semiconductors (NASDAQ:NXPI)

New York State Teachers Retirement System lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,242 shares of the semiconductor provider’s stock after selling 11,219 shares during the period. New York State Teachers Retirement System owned 0.09% of NXP Semiconductors worth $48,479,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ORG Wealth Partners LLC grew its stake in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 88 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group grew its stake in shares of NXP Semiconductors by 69.5% in the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares during the period. Finally, Fortitude Family Office LLC grew its stake in shares of NXP Semiconductors by 52.4% in the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

NXPI has been the subject of several analyst reports. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and dropped their price target for the company from $260.00 to $257.00 in a research note on Friday, January 10th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Mizuho set a $290.00 price target on shares of NXP Semiconductors in a research note on Friday, October 18th. TD Cowen lowered their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Citigroup raised shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and increased their price objective for the stock 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $264.45.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $224.14 on Friday. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company’s 50 day moving average is $213.05 and its two-hundred day moving average is $228.56. The firm has a market cap of $56.97 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.64 and a beta of 1.46. 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 Announces Dividend

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

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.