NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC cut its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,012 shares of the semiconductor provider’s stock after selling 430 shares during the period. NXP Semiconductors makes up about 1.3% of Trivant Custom Portfolio Group LLC’s investment portfolio, making the stock its 26th biggest position. Trivant Custom Portfolio Group LLC’s holdings in NXP Semiconductors were worth $2,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NXPI. ORG Wealth Partners LLC boosted its stake in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares during the last quarter. FSA Wealth Management LLC purchased a new position in NXP Semiconductors in the 3rd quarter valued at $33,000. Brooklyn Investment Group boosted its stake in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares during the last quarter. Fortitude Family Office LLC grew its holdings in shares of NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after buying an additional 75 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of NXP Semiconductors by 182.1% in the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after buying an additional 142 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NXPI has been the topic of a number of recent research reports. Loop Capital assumed 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 on the stock. Barclays lowered their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday. Stifel Nicolaus cut their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company assumed coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective on the stock. Finally, Susquehanna cut 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $270.81.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $215.36 on Friday. 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 cap of $54.74 billion, a P/E ratio of 20.55, a P/E/G ratio of 3.11 and a beta of 1.47. The stock has a 50-day moving average of $217.88 and a two-hundred day moving average of $236.74. NXP Semiconductors has a 1-year low of $202.25 and a 1-year high of $296.08.

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

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 38.74%.

NXP Semiconductors Company 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.