State of New Jersey Common Pension Fund D Sells 1,051 Shares of NXP Semiconductors (NASDAQ:NXPI)

State of New Jersey Common Pension Fund D lowered its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 91,459 shares of the semiconductor provider’s stock after selling 1,051 shares during the period. State of New Jersey Common Pension Fund D’s holdings in NXP Semiconductors were worth $19,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NXP Semiconductors by 387.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock valued at $550,665,000 after buying an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp increased its holdings in NXP Semiconductors by 67.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after acquiring an additional 1,222,736 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in NXP Semiconductors by 337.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock valued at $225,591,000 after acquiring an additional 724,951 shares during the last quarter. International Assets Investment Management LLC lifted its stake in NXP Semiconductors by 24,533.2% in the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after purchasing an additional 512,253 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of NXP Semiconductors by 1,172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after purchasing an additional 511,553 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the subject of several research analyst reports. Citigroup upgraded NXP Semiconductors from a “sell” rating to a “neutral” rating and raised their price target for the company from $200.00 to $210.00 in a report on Wednesday, February 5th. Barclays cut their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Susquehanna decreased their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Evercore ISI decreased their target price on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus target price of $264.45.

NXP Semiconductors Trading Up 2.1 %

NXP Semiconductors stock opened at $224.14 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm has a market cap of $56.97 billion, a PE ratio of 23.04, a P/E/G ratio of 2.64 and a beta of 1.46. The stock’s 50 day simple moving average is $213.16 and its two-hundred day simple moving average is $227.93. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $4.06 annualized dividend and a yield of 1.81%. NXP Semiconductors’s dividend payout ratio is presently 41.73%.

NXP Semiconductors 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.