State of New Jersey Common Pension Fund D Sells 1,003 Shares of NXP Semiconductors N.V. $NXPI

State of New Jersey Common Pension Fund D trimmed its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,701 shares of the semiconductor provider’s stock after selling 1,003 shares during the period. State of New Jersey Common Pension Fund D’s holdings in NXP Semiconductors were worth $18,288,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hemington Wealth Management grew its holdings in NXP Semiconductors by 50.0% in the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 59 shares during the period. Brown Lisle Cummings Inc. grew its holdings in NXP Semiconductors by 121.7% in the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 84 shares during the period. Valley National Advisers Inc. grew its holdings in NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 126 shares during the period. Hilltop National Bank purchased a new stake in NXP Semiconductors in the second quarter worth about $44,000. Finally, Rossby Financial LCC purchased a new stake in shares of NXP Semiconductors during the first quarter valued at approximately $46,000. 90.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total value of $216,210.00. Following the completion of the transaction, the executive vice president directly owned 6,828 shares of the company’s stock, valued at $1,476,281.88. This trade represents a 12.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO William Betz sold 6,785 shares of NXP Semiconductors stock in a transaction on Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the transaction, the chief financial officer directly owned 1,520 shares of the company’s stock, valued at $345,556.80. The trade was a 81.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,785 shares of company stock valued at $2,197,852 in the last three months. Corporate insiders own 0.12% of the company’s stock.

NXP Semiconductors Stock Performance

NXPI opened at $219.16 on Friday. The stock has a market capitalization of $55.25 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.48 and a beta of 1.44. The company has a fifty day moving average of $225.15 and a 200 day moving average of $212.95. NXP Semiconductors N.V. has a fifty-two week low of $148.09 and a fifty-two week high of $256.62. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.20 and a current ratio of 1.74.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, September 17th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 48.39%.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research reports. TD Cowen dropped their target price on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Citigroup raised their price objective on shares of NXP Semiconductors from $210.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Weiss Ratings restated a “hold (c)” rating on shares of NXP Semiconductors in a research report on Saturday. Susquehanna raised their target price on shares of NXP Semiconductors from $195.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Stifel Nicolaus raised their target price on shares of NXP Semiconductors from $170.00 to $210.00 and gave the company a “hold” rating in a research note on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $257.06.

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.