Louisiana State Employees Retirement System Makes New $8.29 Million Investment in NXP Semiconductors (NASDAQ:NXPI)

Louisiana State Employees Retirement System acquired a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,100 shares of the semiconductor provider’s stock, valued at approximately $8,291,000.

Several other institutional investors have also recently bought and sold shares of the business. IMPACTfolio LLC raised its holdings in NXP Semiconductors by 4.3% during the fourth quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock worth $273,000 after buying an additional 49 shares during the last quarter. Northwest Investment Counselors LLC raised its holdings in shares of NXP Semiconductors by 12.1% in the third quarter. Northwest Investment Counselors LLC now owns 462 shares of the semiconductor provider’s stock valued at $92,000 after purchasing an additional 50 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of NXP Semiconductors by 4.3% in the fourth quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock valued at $280,000 after purchasing an additional 50 shares during the last quarter. Windsor Capital Management LLC raised its holdings in shares of NXP Semiconductors by 1.8% in the fourth quarter. Windsor Capital Management LLC now owns 3,034 shares of the semiconductor provider’s stock valued at $697,000 after purchasing an additional 55 shares during the last quarter. Finally, Central Bank & Trust Co. raised its holdings in shares of NXP Semiconductors by 1.2% in the fourth quarter. Central Bank & Trust Co. now owns 4,533 shares of the semiconductor provider’s stock valued at $1,041,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock traded down $10.72 during trading hours on Friday, reaching $233.61. The stock had a trading volume of 2,597,791 shares, compared to its average volume of 1,946,959. The stock’s fifty day simple moving average is $241.48 and its 200 day simple moving average is $217.62. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a 12 month low of $155.31 and a 12 month high of $264.26. The firm has a market capitalization of $59.91 billion, a PE ratio of 21.81, a PEG ratio of 0.92 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. On average, equities research analysts predict that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.74%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.91%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wolfe Research upgraded shares of NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 target price for the company in a report on Thursday, January 18th. Morgan Stanley increased their target price on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Stifel Nicolaus increased their target price on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $200.00 to $260.00 in a research report on Tuesday, January 16th. Finally, StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $239.58.

NXP Semiconductors 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.