Trivant Custom Portfolio Group LLC Sells 176 Shares of NXP Semiconductors (NASDAQ:NXPI)

Trivant Custom Portfolio Group LLC reduced its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,694 shares of the semiconductor provider’s stock after selling 176 shares during the period. NXP Semiconductors comprises about 1.8% 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 $2,897,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of NXP Semiconductors in the fourth quarter worth about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after acquiring an additional 2,097,727 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of NXP Semiconductors in the fourth quarter worth about $164,044,000. Kodai Capital Management LP bought a new position in shares of NXP Semiconductors in the fourth quarter worth about $125,319,000. Finally, International Assets Investment Management LLC raised its stake in shares of NXP Semiconductors by 21,013.6% in the fourth quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock worth $118,325,000 after acquiring an additional 512,732 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total value of $2,357,111.00. Following the completion of the sale, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NXPI shares. Oppenheimer lifted their price target on shares of NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Argus lifted their price target on shares of NXP Semiconductors from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. TD Cowen lifted their price target on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. Cantor Fitzgerald lifted their price target on shares of NXP Semiconductors from $290.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Finally, UBS Group lifted their price target on shares of NXP Semiconductors from $230.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average target price of $267.80.

NXP Semiconductors Stock Up 1.5 %

NASDAQ NXPI traded up $4.08 during trading on Friday, hitting $269.09. The stock had a trading volume of 2,228,047 shares, compared to its average volume of 1,718,311. The company has a market capitalization of $68.80 billion, a PE ratio of 24.85, a P/E/G ratio of 2.48 and a beta of 1.50. The company’s 50-day moving average price is $264.90 and its two-hundred day moving average price is $243.23. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $286.87.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. As a group, sell-side analysts forecast that NXP Semiconductors will post 12.47 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Thursday, June 13th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $4.06 dividend on an annualized basis and a yield of 1.51%. NXP Semiconductors’s payout ratio is 37.49%.

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.