12,500 Shares of NXP Semiconductors N.V. $NXPI Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,500 shares of the semiconductor provider’s stock, valued at approximately $2,969,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $26,000. Allied Private Wealth LLC bought a new position in shares of NXP Semiconductors in the second quarter valued at approximately $28,000. Fiduciary Financial Advisors bought a new position in shares of NXP Semiconductors in the second quarter valued at approximately $28,000. Bell Investment Advisors Inc purchased a new stake in shares of NXP Semiconductors during the second quarter valued at approximately $29,000. Finally, Midwest Professional Planners LTD. purchased a new stake in shares of NXP Semiconductors during the second quarter valued at approximately $29,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NXPI has been the subject of a number of analyst reports. Oppenheimer raised their price target on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Citigroup cut their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Thursday, October 29th. Bank of America restated a “neutral” rating and issued a $280.00 price objective on shares of NXP Semiconductors in a report on Wednesday, October 28th. Finally, Truist Financial lowered their price objective on shares of NXP Semiconductors from $310.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $295.78.

Insider Buying and Selling at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 3,355 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the transaction, the executive vice president owned 288 shares in the company, valued at $69,120. The trade was a 92.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony R. Foxx sold 400 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $263.60, for a total value of $105,440.00. Following the transaction, the director owned 2,942 shares in the company, valued at approximately $775,511.20. This represents a 11.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 4,755 shares of company stock worth $1,136,680. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $269.51 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm has a market cap of $67.93 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 0.88 and a beta of 1.83. The business has a 50 day moving average price of $238.43 and a 200-day moving average price of $246.97.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, topping the consensus estimate of $4.12 by $0.08. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm earned $3.11 earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. Equities research analysts predict that NXP Semiconductors N.V. will post 13.81 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were given a $1.0140 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.5%. NXP Semiconductors’s payout ratio is presently 31.84%.

NXP Semiconductors announced that its board has authorized a stock repurchase program on Tuesday, October 27th that allows the company to repurchase $5 billion in outstanding shares. This repurchase authorization allows the semiconductor provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

NXP Semiconductors Profile

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications. Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.