Barclays PLC Has $495.63 Million Holdings in NXP Semiconductors N.V. $NXPI

Barclays PLC increased its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 31.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,283,397 shares of the semiconductor provider’s stock after acquiring an additional 546,790 shares during the quarter. Barclays PLC’s holdings in NXP Semiconductors were worth $495,634,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Aptus Capital Advisors LLC raised its stake in NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after buying an additional 43 shares during the period. FORA Capital LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth $1,670,000. Kestra Advisory Services LLC raised its stake in NXP Semiconductors by 2.5% during the 4th quarter. Kestra Advisory Services LLC now owns 13,233 shares of the semiconductor provider’s stock worth $2,872,000 after buying an additional 321 shares during the period. The Manufacturers Life Insurance Company raised its stake in NXP Semiconductors by 1.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 154,721 shares of the semiconductor provider’s stock worth $33,600,000 after buying an additional 2,127 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new stake in NXP Semiconductors during the 4th quarter worth $2,046,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 0.8%

NXP Semiconductors stock opened at $304.86 on Friday. The company has a market cap of $76.97 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 1.10 and a beta of 1.77. The firm has a 50-day moving average of $270.67 and a 200-day moving average of $238.24. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the business earned $2.64 earnings per share. NXP Semiconductors’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts expect that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, June 24th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.3%. NXP Semiconductors’s dividend payout ratio is currently 38.85%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NXPI. Loop Capital upped their target price on shares of NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company upped their target price on shares of NXP Semiconductors from $265.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Jefferies Financial Group upped their target price on shares of NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Susquehanna upped their target price on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $295.92.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the sale, the executive vice president directly owned 9,942 shares of the company’s stock, valued at approximately $1,934,514.36. This represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew Hardy sold 5,289 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total transaction of $1,242,915.00. Following the completion of the sale, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. This trade represents a 72.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,611 shares of company stock worth $3,061,078 in the last ninety days. Insiders own 0.05% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.