Strs Ohio boosted its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 8.2% during the third quarter, HoldingsChannel.com reports. The fund owned 1,074,415 shares of the semiconductor provider’s stock after acquiring an additional 81,842 shares during the quarter. Strs Ohio’s holdings in NXP Semiconductors were worth $91,862,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Third Point LLC bought a new stake in NXP Semiconductors during the 2nd quarter worth approximately $1,174,652,000. Swiss National Bank raised its stake in NXP Semiconductors by 7.8% during the 2nd quarter. Swiss National Bank now owns 1,838,729 shares of the semiconductor provider’s stock worth $200,918,000 after acquiring an additional 133,400 shares during the period. Omni Partners LLP raised its stake in NXP Semiconductors by 0.5% during the 2nd quarter. Omni Partners LLP now owns 1,532,282 shares of the semiconductor provider’s stock worth $167,432,000 after acquiring an additional 7,931 shares during the period. California Public Employees Retirement System raised its stake in NXP Semiconductors by 37.4% during the 2nd quarter. California Public Employees Retirement System now owns 1,011,175 shares of the semiconductor provider’s stock worth $110,491,000 after acquiring an additional 275,355 shares during the period. Finally, Gardner Lewis Asset Management L P raised its stake in NXP Semiconductors by 10.7% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 944,501 shares of the semiconductor provider’s stock worth $103,206,000 after acquiring an additional 91,491 shares during the period. Institutional investors own 83.29% of the company’s stock.
A number of equities research analysts have commented on the stock. BidaskClub upgraded shares of NXP Semiconductors from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 23rd. Zacks Investment Research upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. ValuEngine cut shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. Stifel Nicolaus decreased their target price on shares of NXP Semiconductors from $102.00 to $99.00 and set a “hold” rating on the stock in a research note on Friday, July 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of NXP Semiconductors from $127.50 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, July 27th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. NXP Semiconductors presently has a consensus rating of “Hold” and a consensus price target of $110.65.
Shares of NXP Semiconductors stock traded down $0.01 on Friday, hitting $77.69. 383,155 shares of the company traded hands, compared to its average volume of 5,977,397. The stock has a market cap of $27.45 billion, a P/E ratio of 11.02, a PEG ratio of 0.66 and a beta of 0.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.98 and a quick ratio of 2.26. NXP Semiconductors NV has a 52 week low of $76.64 and a 52 week high of $125.93.
NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.33). The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.36 billion. NXP Semiconductors had a net margin of 10.35% and a return on equity of 16.24%. As a group, equities analysts expect that NXP Semiconductors NV will post 6.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, September 25th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Monday, September 24th. NXP Semiconductors’s payout ratio is currently 11.84%.
NXP Semiconductors Company Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
Further Reading: How are Outstanding Shares Different from Authorized Shares?
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