California State Teachers Retirement System Buys 3,784 Shares of NXP Semiconductors (NASDAQ:NXPI)

California State Teachers Retirement System increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 1.2% during the third quarter, HoldingsChannel reports. The fund owned 328,850 shares of the semiconductor provider’s stock after acquiring an additional 3,784 shares during the quarter. California State Teachers Retirement System’s holdings in NXP Semiconductors were worth $48,509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. River & Mercantile Asset Management LLP acquired a new stake in NXP Semiconductors during the third quarter worth $487,000. Glenmede Trust Co. NA boosted its stake in shares of NXP Semiconductors by 235.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,160 shares of the semiconductor provider’s stock valued at $761,000 after purchasing an additional 3,620 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in shares of NXP Semiconductors by 4.9% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,411 shares of the semiconductor provider’s stock valued at $1,388,000 after purchasing an additional 440 shares in the last quarter. Kentucky Retirement Systems boosted its stake in shares of NXP Semiconductors by 5.5% in the 3rd quarter. Kentucky Retirement Systems now owns 20,556 shares of the semiconductor provider’s stock valued at $3,032,000 after purchasing an additional 1,069 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the 3rd quarter valued at $215,000. Institutional investors own 88.70% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $177.29 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.12 and a quick ratio of 1.58. The stock has a market cap of $46.01 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 0.75 and a beta of 1.53. The stock has a 50-day moving average of $179.82 and a 200-day moving average of $166.20. NXP Semiconductors has a one year low of $132.08 and a one year high of $198.28.

NXP Semiconductors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Wednesday, March 15th will be paid a $1.014 dividend. The ex-dividend date is Tuesday, March 14th. This is a boost from NXP Semiconductors’s previous quarterly dividend of $0.85. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.29%. NXP Semiconductors’s dividend payout ratio is 38.35%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NXPI. Oppenheimer boosted their target price on shares of NXP Semiconductors from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Citigroup boosted their target price on shares of NXP Semiconductors from $150.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, February 1st. Susquehanna cut their price target on NXP Semiconductors from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, February 1st. Stifel Nicolaus lifted their price target on NXP Semiconductors from $160.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, February 1st. Finally, Credit Suisse Group lifted their price target on NXP Semiconductors from $195.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, February 1st. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $188.95.

NXP Semiconductors Profile

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.