Trivant Custom Portfolio Group LLC Sells 430 Shares of NXP Semiconductors (NASDAQ:NXPI)

Trivant Custom Portfolio Group LLC reduced its stake in NXP Semiconductors (NASDAQ:NXPI) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,012 shares of the semiconductor provider’s stock after selling 430 shares during the period. NXP Semiconductors accounts for 1.3% of Trivant Custom Portfolio Group LLC’s holdings, making the stock its 26th biggest holding. Trivant Custom Portfolio Group LLC’s holdings in NXP Semiconductors were worth $2,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Crumly & Associates Inc. raised its holdings in shares of NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after acquiring an additional 45 shares in the last quarter. Sterling Investment Counsel LLC raised its holdings in shares of NXP Semiconductors by 5.7% in the 3rd quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after purchasing an additional 46 shares in the last quarter. Ascent Group LLC lifted its position in shares of NXP Semiconductors by 0.4% in the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after purchasing an additional 46 shares during the period. Brighton Jones LLC boosted its stake in shares of NXP Semiconductors by 5.2% during the second quarter. Brighton Jones LLC now owns 1,024 shares of the semiconductor provider’s stock valued at $275,000 after purchasing an additional 51 shares in the last quarter. Finally, Farmers National Bank increased its holdings in NXP Semiconductors by 6.1% during the second quarter. Farmers National Bank now owns 899 shares of the semiconductor provider’s stock valued at $242,000 after buying an additional 52 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NXPI. Citic Securities began coverage on NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 target price on the stock. Truist Financial dropped their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Loop Capital started coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Susquehanna decreased their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $270.81.

NXP Semiconductors Trading Up 2.2 %

NASDAQ NXPI opened at $215.36 on Friday. NXP Semiconductors has a 1 year low of $202.25 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The company has a market capitalization of $54.74 billion, a PE ratio of 20.55, a P/E/G ratio of 3.11 and a beta of 1.47. The company has a fifty day moving average of $217.88 and a 200 day moving average of $236.74.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.31 EPS. Research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

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.