Louisiana State Employees Retirement System Sells 1,100 Shares of NXP Semiconductors (NASDAQ:NXPI)

Louisiana State Employees Retirement System lessened its holdings in NXP Semiconductors (NASDAQ:NXPI) by 3.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,700 shares of the semiconductor provider’s stock after selling 1,100 shares during the period. Louisiana State Employees Retirement System’s holdings in NXP Semiconductors were worth $8,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new position in shares of NXP Semiconductors during the 1st quarter worth approximately $1,775,000. Bessemer Group Inc. lifted its holdings in shares of NXP Semiconductors by 4,525.6% during the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock valued at $88,399,000 after acquiring an additional 349,061 shares during the period. M&G Plc acquired a new stake in shares of NXP Semiconductors in the 1st quarter valued at $65,830,000. Maryland State Retirement & Pension System acquired a new stake in shares of NXP Semiconductors in the 1st quarter valued at $3,089,000. Finally, QRG Capital Management Inc. grew its holdings in shares of NXP Semiconductors by 34.1% in the 1st quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider’s stock worth $425,000 after purchasing an additional 436 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 1.7 %

NASDAQ NXPI opened at $243.16 on Friday. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $296.08. The stock has a 50-day simple moving average of $238.60 and a 200 day simple moving average of $252.67. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $61.94 billion, a PE ratio of 22.73, a P/E/G ratio of 2.50 and a beta of 1.49.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.67%. NXP Semiconductors’s dividend payout ratio is 37.94%.

Insider Buying and Selling

In other news, insider Julie Southern bought 146 shares of the stock in a transaction on Tuesday, July 30th. The stock was purchased at an average price of $257.54 per share, with a total value of $37,600.84. Following the completion of the purchase, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Julie Southern acquired 146 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was acquired at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the transaction, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NXPI has been the subject of several analyst reports. Oppenheimer lifted their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Mizuho set a $290.00 price target on NXP Semiconductors in a research report on Friday, October 18th. Citic Securities assumed coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price objective for the company. Cantor Fitzgerald reduced their price objective on NXP Semiconductors from $350.00 to $270.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Finally, Truist Financial lowered their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $288.90.

About NXP Semiconductors

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.