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

Thrivent Financial for Lutherans lifted its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 23.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,905 shares of the semiconductor provider's stock after acquiring an additional 2,793 shares during the period. Thrivent Financial for Lutherans' holdings in NXP Semiconductors were worth $3,098,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ascent Group LLC raised its holdings in 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 acquiring an additional 46 shares during the period. Central Bank & Trust Co. raised its holdings in NXP Semiconductors by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider's stock valued at $917,000 after acquiring an additional 48 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of NXP Semiconductors by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider's stock worth $119,000 after acquiring an additional 51 shares during the period. Private Trust Co. NA increased its position in shares of NXP Semiconductors by 5.8% during the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider's stock valued at $201,000 after purchasing an additional 53 shares during the period. Finally, J. W. Coons Advisors LLC lifted its position in NXP Semiconductors by 2.1% in the fourth quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider's stock worth $618,000 after purchasing an additional 60 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

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NXP Semiconductors Stock Down 5.0 %

Shares of NXPI stock traded down $10.07 during mid-day trading on Friday, hitting $189.99. 4,260,658 shares of the stock traded hands, compared to its average volume of 2,423,696. The stock's fifty day moving average is $214.68 and its two-hundred day moving average is $221.99. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 52-week low of $188.85 and a 52-week high of $296.08. The stock has a market cap of $48.19 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.13%. NXP Semiconductors's dividend payout ratio is currently 41.62%.

Insiders Place Their Bets

In other news, COO Andrew Micallef sold 1,000 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Susquehanna dropped their target price on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. Barclays lowered their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $267.00.

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.