Barclays PLC Sells 198,148 Shares of NXP Semiconductors (NASDAQ:NXPI)

Barclays PLC decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 12.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,411,760 shares of the semiconductor provider's stock after selling 198,148 shares during the quarter. Barclays PLC owned about 0.56% of NXP Semiconductors worth $338,836,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NXPI. Drive Wealth Management LLC lifted its stake in NXP Semiconductors by 4.3% in the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider's stock valued at $257,000 after buying an additional 39 shares during the period. Patten Group Inc. raised its position in shares of NXP Semiconductors by 1.2% in the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider's stock valued at $929,000 after acquiring an additional 42 shares during the period. West Paces Advisors Inc. boosted its stake in NXP Semiconductors by 3.1% during the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider's stock worth $404,000 after acquiring an additional 45 shares during the last quarter. Octavia Wealth Advisors LLC grew its holdings in NXP Semiconductors by 5.4% during the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider's stock valued at $238,000 after purchasing an additional 45 shares during the period. Finally, Crumly & Associates Inc. increased its stake in NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider's stock valued at $546,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Stock Down 2.5 %

NXPI stock traded down $5.67 during mid-day trading on Tuesday, reaching $217.94. The company had a trading volume of 1,715,584 shares, compared to its average volume of 2,294,479. NXP Semiconductors has a 52 week low of $201.58 and a 52 week high of $296.08. The company has a market capitalization of $55.39 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 4.41 and a beta of 1.46. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The stock has a 50 day simple moving average of $231.50 and a two-hundred day simple moving average of $248.07.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts' consensus estimates of $3.43 by $0.02. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company's quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.31 EPS. As a group, equities analysts predict that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th will be paid a dividend of $1.014 per share. The ex-dividend date is Thursday, December 5th. This represents a $4.06 annualized dividend and a dividend yield of 1.86%. NXP Semiconductors's dividend payout ratio is currently 38.74%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NXPI shares. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an "overweight" rating and a $250.00 price target on the stock. Susquehanna reduced their target price on NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. UBS Group lowered their price target on NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Truist Financial cut their price objective on NXP Semiconductors from $287.00 to $252.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Finally, Citic Securities initiated coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $274.14.

Insider Buying and Selling

In other 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 completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by insiders.

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.