Confluence Investment Management LLC Sells 3,445 Shares of NXP Semiconductors (NASDAQ:NXPI)

Confluence Investment Management LLC lowered its position in NXP Semiconductors (NASDAQ:NXPI) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,122 shares of the semiconductor provider’s stock after selling 3,445 shares during the period. Confluence Investment Management LLC owned 0.09% of NXP Semiconductors worth $52,352,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Central Pacific Bank Trust Division acquired a new position in NXP Semiconductors in the first quarter worth $54,000. Manchester Capital Management LLC raised its holdings in shares of NXP Semiconductors by 341.0% in the first quarter. Manchester Capital Management LLC now owns 269 shares of the semiconductor provider’s stock valued at $67,000 after buying an additional 208 shares during the last quarter. Quantbot Technologies LP acquired a new position in NXP Semiconductors during the 1st quarter worth about $843,000. Empowered Funds LLC grew its holdings in NXP Semiconductors by 80.1% during 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 during the last quarter. Finally, KCM Investment Advisors LLC increased its position in NXP Semiconductors by 12.2% in the 1st quarter. KCM Investment Advisors LLC now owns 1,954 shares of the semiconductor provider’s stock valued at $484,000 after acquiring an additional 213 shares in the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Stock Up 2.0 %

NXP Semiconductors stock opened at $236.12 on Friday. The company has a 50 day moving average of $236.43 and a 200-day moving average of $253.19. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a twelve month low of $179.64 and a twelve month high of $296.08. The stock has a market capitalization of $60.15 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last released its 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 34.11% and a net margin of 20.98%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the company earned $3.31 EPS. The company’s revenue was down 5.4% on a year-over-year basis. On average, equities research analysts anticipate that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NXPI shares. Barclays reduced their target price on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday. Susquehanna lowered 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. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. UBS Group decreased their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Mizuho set a $290.00 price objective on NXP Semiconductors in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $276.85.

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.