Louisiana State Employees Retirement System Buys New Holdings in NXP Semiconductors N.V. $NXPI

Louisiana State Employees Retirement System purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 29,400 shares of the semiconductor provider’s stock, valued at approximately $5,788,000.

Other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC boosted its stake in NXP Semiconductors by 25.3% during the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock valued at $46,000 after buying an additional 43 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after acquiring an additional 43 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of NXP Semiconductors by 0.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock valued at $1,829,000 after acquiring an additional 50 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after purchasing an additional 52 shares in the last quarter. Finally, Equitable Holdings Inc. grew its holdings in shares of NXP Semiconductors by 1.4% in the fourth quarter. Equitable Holdings Inc. now owns 3,813 shares of the semiconductor provider’s stock valued at $828,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Bank of America reissued a “neutral” rating and issued a $230.00 price objective (down from $245.00) on shares of NXP Semiconductors in a research note on Monday, April 13th. Needham & Company LLC boosted their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings raised shares of NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, Evercore increased their price target on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.08.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the sale, the executive vice president owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,611 shares of company stock valued at $3,182,068 in the last ninety days. 0.05% of the stock is owned by company insiders.

NXP Semiconductors Stock Down 7.2%

Shares of NXPI opened at $277.02 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00. The business has a fifty day moving average of $290.93 and a 200 day moving average of $245.06. The company has a market cap of $69.94 billion, a PE ratio of 26.51, a P/E/G ratio of 1.08 and a beta of 1.77. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the business posted $2.64 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts expect that NXP Semiconductors N.V. will post 13.4 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is 38.85%.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.