Strs Ohio Sells 100,000 Shares of NXP Semiconductors NV (NASDAQ:NXPI)

Strs Ohio reduced its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 11.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 775,000 shares of the semiconductor provider’s stock after selling 100,000 shares during the quarter. Strs Ohio owned approximately 0.24% of NXP Semiconductors worth $84,568,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of NXPI. Boston Partners raised its holdings in NXP Semiconductors by 196.1% during the 2nd quarter. Boston Partners now owns 5,020,470 shares of the semiconductor provider’s stock valued at $490,104,000 after buying an additional 3,324,672 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in NXP Semiconductors by 581.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,665,036 shares of the semiconductor provider’s stock worth $260,134,000 after purchasing an additional 2,273,799 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in NXP Semiconductors by 221.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,747,433 shares of the semiconductor provider’s stock worth $268,177,000 after purchasing an additional 1,893,827 shares in the last quarter. PointState Capital LP bought a new position in NXP Semiconductors in the 2nd quarter worth $130,046,000. Finally, Scopia Capital Management LP bought a new position in NXP Semiconductors in the 2nd quarter worth $87,332,000. Institutional investors own 74.87% of the company’s stock.

Shares of NASDAQ NXPI traded up $0.19 during trading on Monday, reaching $109.20. 33,968 shares of the company traded hands, compared to its average volume of 2,719,054. The firm has a 50 day simple moving average of $107.05 and a 200-day simple moving average of $100.20. The company has a quick ratio of 1.44, a current ratio of 1.82 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $36.09 billion, a PE ratio of 18.42, a P/E/G ratio of 1.39 and a beta of 1.25. NXP Semiconductors NV has a 52-week low of $67.62 and a 52-week high of $113.50.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.52. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. NXP Semiconductors had a net margin of 23.10% and a return on equity of 22.22%. As a group, research analysts predict that NXP Semiconductors NV will post 6.34 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from NXP Semiconductors’s previous quarterly dividend of $0.25. NXP Semiconductors’s dividend payout ratio (DPR) is presently 25.25%.

Several research analysts have commented on the stock. ValuEngine upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $105.00 to $100.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Zacks Investment Research lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Wednesday, October 16th. Morgan Stanley upped their price objective on shares of NXP Semiconductors from $114.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Loop Capital set a $130.00 price objective on shares of NXP Semiconductors and gave the stock a “buy” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. NXP Semiconductors has a consensus rating of “Buy” and an average price target of $106.90.

In other news, Chairman Peter L. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $98.36, for a total transaction of $983,600.00. Following the sale, the chairman now owns 24,404 shares of the company’s stock, valued at approximately $2,400,377.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Keith M. Shull sold 4,569 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $105.53, for a total transaction of $482,166.57. Following the sale, the executive vice president now directly owns 13,783 shares in the company, valued at approximately $1,454,519.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,765 shares of company stock worth $1,919,522.

NXP Semiconductors 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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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