Thrivent Financial for Lutherans Decreases Holdings in NXP Semiconductors (NASDAQ:NXPI)

Thrivent Financial for Lutherans cut its stake in NXP Semiconductors (NASDAQ:NXPI – Get Rating) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,582 shares of the semiconductor provider’s stock after selling 103 shares during the quarter. Thrivent Financial for Lutherans’ holdings in NXP Semiconductors were worth $1,830,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NXPI. Cibc World Market Inc. grew its position in NXP Semiconductors by 6.3% in the first quarter. Cibc World Market Inc. now owns 29,411 shares of the semiconductor provider’s stock valued at $5,443,000 after acquiring an additional 1,732 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in NXP Semiconductors by 5.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 390,891 shares of the semiconductor provider’s stock worth $72,356,000 after buying an additional 21,672 shares during the period. Cetera Investment Advisers lifted its holdings in NXP Semiconductors by 5.4% in the 1st quarter. Cetera Investment Advisers now owns 6,332 shares of the semiconductor provider’s stock worth $1,172,000 after buying an additional 325 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in NXP Semiconductors by 21.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,406 shares of the semiconductor provider’s stock valued at $445,000 after buying an additional 417 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of NXP Semiconductors by 2.0% during the first quarter. Vanguard Group Inc. now owns 10,793,360 shares of the semiconductor provider’s stock valued at $1,997,635,000 after acquiring an additional 210,979 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $174.96 on Friday. NXP Semiconductors has a 12-month low of $132.08 and a 12-month high of $198.28. The company has a market cap of $45.40 billion, a PE ratio of 16.77, a P/E/G ratio of 0.66 and a beta of 1.51. The stock has a 50 day simple moving average of $172.21 and a 200-day simple moving average of $171.79. The company has a current ratio of 1.75, a quick ratio of 1.28 and a debt-to-equity ratio of 1.28.

Insider Transactions at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 15,000 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $166.52, for a total value of $2,497,800.00. Following the completion of the sale, the executive vice president now owns 30,569 shares of the company’s stock, valued at $5,090,349.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NXPI shares. Truist Financial increased their price target on NXP Semiconductors from $210.00 to $217.00 in a report on Wednesday, May 3rd. Oppenheimer lifted their price target on shares of NXP Semiconductors from $175.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of NXP Semiconductors from $185.00 to $200.00 in a research report on Wednesday, February 1st. Barclays increased their price target on shares of NXP Semiconductors from $160.00 to $170.00 in a research report on Wednesday, May 3rd. Finally, Raymond James boosted their price objective on NXP Semiconductors from $190.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.09.

About NXP Semiconductors

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NXP Semiconductors NV is a holding company, which engages in the provision of semiconductor solutions. Its portfolio includes intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radio frequency (RF), mixed-signal analog-digital, power management, digital signal processing, and embedded system design.