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 decreased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,459 shares of the semiconductor provider’s stock after selling 1,051 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in NXP Semiconductors were worth $19,010,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Strategic Financial Concepts LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter valued at about $46,000. Allworth Financial LP lifted its holdings in NXP Semiconductors by 150.8% in the fourth quarter. Allworth Financial LP now owns 3,566 shares of the semiconductor provider’s stock worth $771,000 after buying an additional 2,144 shares during the period. Principal Securities Inc. boosted its position in NXP Semiconductors by 8.7% during the 4th quarter. Principal Securities Inc. now owns 4,179 shares of the semiconductor provider’s stock valued at $869,000 after acquiring an additional 334 shares in the last quarter. Seascape Capital Management grew its holdings in shares of NXP Semiconductors by 2.2% during the 4th quarter. Seascape Capital Management now owns 14,752 shares of the semiconductor provider’s stock worth $3,066,000 after acquiring an additional 319 shares during the period. Finally, Congress Asset Management Co. raised its position in shares of NXP Semiconductors by 0.3% in the 4th quarter. Congress Asset Management Co. now owns 523,573 shares of the semiconductor provider’s stock worth $108,825,000 after acquiring an additional 1,581 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NXPI. Stifel Nicolaus dropped their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer dropped their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Citigroup upgraded shares of NXP Semiconductors from a “sell” rating to a “neutral” rating and increased their price target for the stock from $200.00 to $210.00 in a research note on Wednesday, February 5th. Loop Capital started coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.45.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $224.14 on Tuesday. The firm has a market capitalization 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 company has a 50 day moving average price of $213.16 and a 200-day moving average price of $227.93. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Dividend Announcement

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

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.