Kentucky Retirement Systems Sells 308 Shares of NXP Semiconductors (NASDAQ:NXPI)

Kentucky Retirement Systems lessened its stake in NXP Semiconductors (NASDAQ:NXPI) by 1.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,267 shares of the semiconductor provider’s stock after selling 308 shares during the quarter. Kentucky Retirement Systems’ holdings in NXP Semiconductors were worth $5,185,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NXPI. Future Financial Wealth Managment LLC bought a new stake in NXP Semiconductors in the first quarter valued at about $25,000. FinTrust Capital Advisors LLC increased its holdings in shares of NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after acquiring an additional 49 shares in the last quarter. Family Firm Inc. bought a new stake in shares of NXP Semiconductors in the second quarter worth about $27,000. Addison Advisors LLC increased its holdings in shares of NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 74 shares in the last quarter. Finally, LifeSteps Financial Inc. bought a new stake in shares of NXP Semiconductors in the first quarter worth about $30,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $238.72 on Friday. The stock’s fifty day moving average price is $248.98 and its two-hundred day moving average price is $254.45. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The firm has a market cap of $61.04 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company earned $3.04 EPS. The company’s revenue was down 5.2% on a year-over-year basis. As a group, research analysts expect that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be paid a $1.014 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.70%. NXP Semiconductors’s payout ratio is 37.40%.

Insider Activity

In other NXP Semiconductors news, insider Julie Southern purchased 146 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were bought at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the purchase, the insider now owns 11,297 shares in the company, valued at approximately $2,909,429.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Julie Southern acquired 146 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the acquisition, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Cowen lowered their price target on NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Stifel Nicolaus increased their price target on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Truist Financial lowered their price target on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Barclays increased their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price objective on shares of NXP Semiconductors in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $294.89.

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.