Confluence Investment Management LLC Decreases Stake in NXP Semiconductors (NASDAQ:NXPI)

Confluence Investment Management LLC lessened its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,122 shares of the semiconductor provider's stock after selling 3,445 shares during the quarter. Confluence Investment Management LLC owned about 0.09% of NXP Semiconductors worth $52,352,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NXPI. Central Pacific Bank Trust Division purchased a new stake in NXP Semiconductors during the first quarter worth $54,000. Manchester Capital Management LLC raised its stake in shares of NXP Semiconductors by 341.0% during the 1st quarter. Manchester Capital Management LLC now owns 269 shares of the semiconductor provider's stock worth $67,000 after buying an additional 208 shares during the period. Quantbot Technologies LP purchased a new position in shares of NXP Semiconductors during the 1st quarter valued at approximately $843,000. Empowered Funds LLC increased its holdings in NXP Semiconductors by 80.1% in the 1st quarter. Empowered Funds LLC now owns 7,818 shares of the semiconductor provider's stock worth $1,937,000 after acquiring an additional 3,478 shares in the last quarter. Finally, KCM Investment Advisors LLC lifted its holdings in NXP Semiconductors by 12.2% during the first quarter. KCM Investment Advisors LLC now owns 1,954 shares of the semiconductor provider's stock valued at $484,000 after purchasing an additional 213 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded down $2.23 during mid-day trading on Friday, hitting $233.89. 2,743,066 shares of the stock were exchanged, compared to its average volume of 2,429,677. The stock's fifty day simple moving average is $235.72 and its two-hundred day simple moving average is $253.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.52 and a current ratio of 2.35. NXP Semiconductors has a 12-month low of $179.64 and a 12-month high of $296.08. The stock has a market capitalization of $59.45 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 3.08 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the business posted $3.31 EPS. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. On average, analysts forecast that NXP Semiconductors will post 11.94 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.73%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors's dividend payout ratio (DPR) is presently 38.74%.

Analysts Set New Price Targets

NXPI has been the subject of several research reports. StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Evercore ISI decreased their price objective on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating on the stock in a report on Wednesday. Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a "hold" rating for the company in a report on Thursday, October 17th. UBS Group decreased their price target on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $270.00 price objective on shares of NXP Semiconductors in a research note on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $275.60.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares of the company's stock, valued at approximately $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by company insiders.

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.