Public Sector Pension Investment Board Has $21.10 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Public Sector Pension Investment Board increased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 804.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 87,925 shares of the semiconductor provider’s stock after purchasing an additional 78,200 shares during the period. Public Sector Pension Investment Board’s holdings in NXP Semiconductors were worth $21,103,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in shares of NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after purchasing an additional 1,222,736 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in NXP Semiconductors by 337.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after buying an additional 724,951 shares in the last quarter. International Assets Investment Management LLC grew its position in NXP Semiconductors by 24,533.2% during the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after buying an additional 512,253 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in NXP Semiconductors during the third quarter valued at about $84,901,000. Finally, Assenagon Asset Management S.A. raised its holdings in NXP Semiconductors by 1,882.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 343,522 shares of the semiconductor provider’s stock valued at $92,438,000 after acquiring an additional 326,197 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.9 %

NASDAQ:NXPI opened at $226.53 on Thursday. The stock’s fifty day moving average price is $233.43 and its two-hundred day moving average price is $250.81. The company has a market cap of $57.57 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 4.70 and a beta of 1.49. NXP Semiconductors has a 52-week low of $198.36 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.31 earnings per share. On average, analysts anticipate that NXP Semiconductors will post 11.37 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 5th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The trade was a 10.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Susquehanna lowered their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley dropped their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Barclays decreased their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Citic Securities assumed coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price target for the company. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.14.

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.