NXP Semiconductors N.V. $NXPI Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp reduced its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 35.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,744 shares of the semiconductor provider’s stock after selling 9,792 shares during the period. Texas Permanent School Fund Corp’s holdings in NXP Semiconductors were worth $3,877,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NXPI. Brown Lisle Cummings Inc. increased its stake in NXP Semiconductors by 121.7% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 84 shares during the period. Delos Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors during the second quarter valued at about $35,000. True Wealth Design LLC increased its position in shares of NXP Semiconductors by 375.6% during the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after acquiring an additional 154 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of NXP Semiconductors in the second quarter worth about $43,000. Finally, Hilltop National Bank purchased a new position in NXP Semiconductors in the second quarter valued at about $44,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 8,372 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $207.01, for a total transaction of $1,733,087.72. Following the completion of the transaction, the executive vice president owned 19,175 shares in the company, valued at $3,969,416.75. The trade was a 30.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher L. Jensen sold 2,300 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the sale, the executive vice president directly owned 9,965 shares in the company, valued at $2,273,714.05. This represents a 18.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.

NXP Semiconductors Stock Down 0.5%

Shares of NASDAQ:NXPI opened at $222.08 on Friday. The company’s fifty day moving average is $210.96 and its two-hundred day moving average is $218.36. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. NXP Semiconductors N.V. has a 1-year low of $148.09 and a 1-year high of $255.45. The stock has a market capitalization of $55.89 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 3.32 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing the consensus estimate of $3.12 by ($0.01). The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm posted $3.45 earnings per share. Equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio is presently 50.25%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of NXP Semiconductors in a report on Wednesday, October 8th. Sanford C. Bernstein set a $220.00 price target on shares of NXP Semiconductors and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $280.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, October 28th. JPMorgan Chase & Co. boosted their target price on shares of NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, TD Cowen cut their target price on shares of NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $260.04.

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.