NXP Semiconductors (NASDAQ:NXPI) Stock Holdings Trimmed by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,808 shares of the semiconductor provider’s stock after selling 1,482 shares during the quarter. Retirement Systems of Alabama’s holdings in NXP Semiconductors were worth $13,048,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. Assenagon Asset Management S.A. boosted its position in shares of NXP Semiconductors by 46.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 89,297 shares of the semiconductor provider’s stock valued at $20,510,000 after purchasing an additional 28,518 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in NXP Semiconductors by 29.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 125,594 shares of the semiconductor provider’s stock worth $28,846,000 after buying an additional 28,758 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of NXP Semiconductors by 27.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,788 shares of the semiconductor provider’s stock valued at $1,100,000 after buying an additional 1,019 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of NXP Semiconductors by 33.4% during the 4th quarter. Handelsbanken Fonder AB now owns 136,364 shares of the semiconductor provider’s stock valued at $31,320,000 after acquiring an additional 34,131 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of NXP Semiconductors by 15.2% during the 4th quarter. Mackenzie Financial Corp now owns 115,992 shares of the semiconductor provider’s stock worth $26,641,000 after acquiring an additional 15,283 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.6 %

NXPI opened at $249.43 on Thursday. NXP Semiconductors has a fifty-two week low of $161.23 and a fifty-two week high of $264.26. The business has a 50-day moving average of $242.28 and a 200-day moving average of $220.92. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.35 and a quick ratio of 1.39. The company has a market capitalization of $63.88 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. Equities research analysts forecast that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Wall Street Analysts Forecast Growth

NXPI has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their target price on NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley increased their price target on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $290.00 price target on shares of NXP Semiconductors in a research report on Tuesday. Evercore ISI increased their price target on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Barclays upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.72.

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.