Everence Capital Management Inc. Sells 1,300 Shares of NXP Semiconductors (NASDAQ:NXPI)

Everence Capital Management Inc. lessened its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 21.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,650 shares of the semiconductor provider’s stock after selling 1,300 shares during the period. Everence Capital Management Inc.’s holdings in NXP Semiconductors were worth $1,068,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. IMPACTfolio LLC lifted its holdings in shares of NXP Semiconductors by 4.3% during the 4th quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock valued at $273,000 after purchasing an additional 49 shares in the last quarter. Northwest Investment Counselors LLC lifted its stake in NXP Semiconductors by 12.1% in the 3rd quarter. Northwest Investment Counselors LLC now owns 462 shares of the semiconductor provider’s stock valued at $92,000 after acquiring an additional 50 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in NXP Semiconductors by 4.3% in the 4th quarter. Financial Management Professionals Inc. now owns 1,220 shares of the semiconductor provider’s stock valued at $280,000 after acquiring an additional 50 shares in the last quarter. Windsor Capital Management LLC lifted its stake in NXP Semiconductors by 1.8% in the 4th quarter. Windsor Capital Management LLC now owns 3,034 shares of the semiconductor provider’s stock valued at $697,000 after acquiring an additional 55 shares in the last quarter. Finally, Central Bank & Trust Co. lifted its stake in NXP Semiconductors by 1.2% in the 4th quarter. Central Bank & Trust Co. now owns 4,533 shares of the semiconductor provider’s stock valued at $1,041,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $230.05 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39. The stock’s fifty day moving average price is $241.82 and its two-hundred day moving average price is $218.35. NXP Semiconductors has a one year low of $155.31 and a one year high of $264.26. The firm has a market cap of $59.00 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 0.87 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. On average, equities analysts forecast that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were given a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.76%. NXP Semiconductors’s dividend payout ratio is currently 37.91%.

Analyst Ratings Changes

Several equities research analysts have commented on NXPI shares. Mizuho boosted their target price on NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 7th. Oppenheimer boosted their target price on NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Morgan Stanley boosted their target price on NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Finally, TD Cowen boosted their price target on NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $242.29.

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.