NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 11.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,112 shares of the semiconductor provider’s stock after selling 1,584 shares during the period. Thrivent Financial for Lutherans’ holdings in NXP Semiconductors were worth $2,907,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Bayesian Capital Management LP bought a new position in NXP Semiconductors during the first quarter worth $888,000. B. Riley Wealth Advisors Inc. lifted its position in shares of NXP Semiconductors by 0.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,482 shares of the semiconductor provider’s stock worth $2,597,000 after buying an additional 87 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of NXP Semiconductors by 13.5% in the 1st quarter. Tidal Investments LLC now owns 17,569 shares of the semiconductor provider’s stock valued at $4,351,000 after buying an additional 2,090 shares during the period. Beacon Capital Management LLC grew its position in shares of NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock valued at $37,000 after buying an additional 40 shares during the last quarter. Finally, Swedbank AB acquired a new stake in NXP Semiconductors during the first quarter worth about $46,623,000. Institutional investors own 90.54% of the company’s stock.

Insider Transactions at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.11% of the company’s stock.

NXP Semiconductors Trading Down 2.2 %

Shares of NXPI stock opened at $228.66 on Wednesday. The stock has a 50-day simple moving average of $233.53 and a 200 day simple moving average of $250.98. The stock has a market capitalization of $58.12 billion, a P/E ratio of 21.82, a P/E/G ratio of 4.55 and a beta of 1.49. NXP Semiconductors has a fifty-two week low of $198.00 and a fifty-two week high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the firm posted $3.31 EPS. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, sell-side analysts expect that NXP Semiconductors will post 11.37 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.77%. NXP Semiconductors’s dividend payout ratio is currently 38.65%.

Analyst Ratings Changes

NXPI has been the subject of a number of research reports. Susquehanna decreased their target price on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday, November 4th. Needham & Company LLC dropped their target price on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $274.14.

About NXP Semiconductors

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.