California State Teachers Retirement System cut its position in NXP Semiconductors NV (NASDAQ:NXPI) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 802,624 shares of the semiconductor provider’s stock after selling 15,990 shares during the period. California State Teachers Retirement System’s holdings in NXP Semiconductors were worth $70,944,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of NXP Semiconductors during the 4th quarter valued at approximately $78,000. Bank of Montreal Can raised its position in shares of NXP Semiconductors by 119.8% during the 4th quarter. Bank of Montreal Can now owns 234,292 shares of the semiconductor provider’s stock valued at $17,169,000 after acquiring an additional 127,689 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of NXP Semiconductors during the 4th quarter valued at approximately $2,469,000. First Quadrant L P CA raised its position in shares of NXP Semiconductors by 179.6% during the 4th quarter. First Quadrant L P CA now owns 3,545 shares of the semiconductor provider’s stock valued at $260,000 after acquiring an additional 2,277 shares in the last quarter. Finally, Fisher Asset Management LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter valued at approximately $33,834,000. Institutional investors own 76.52% of the company’s stock.
NXPI has been the topic of several research reports. Barclays reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Sunday, May 5th. Bank of America reaffirmed a “buy” rating and issued a $125.00 target price (up from $105.00) on shares of NXP Semiconductors in a research report on Wednesday, May 1st. Mizuho increased their target price on NXP Semiconductors from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. BidaskClub raised NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, ValuEngine raised NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. NXP Semiconductors presently has a consensus rating of “Hold” and a consensus price target of $99.42.
Shares of NASDAQ NXPI opened at $91.81 on Monday. NXP Semiconductors NV has a 1-year low of $67.62 and a 1-year high of $122.24. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $30.18 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 1.11 and a beta of 1.16.
NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.47. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.09 billion. NXP Semiconductors had a return on equity of 18.33% and a net margin of 23.06%. Sell-side analysts anticipate that NXP Semiconductors NV will post 6.59 EPS for the current fiscal year.
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About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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