M&G Plc Has $59.79 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

M&G PLC increased its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 26.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,104 shares of the semiconductor provider's stock after purchasing an additional 52,591 shares during the period. M&G PLC owned approximately 0.10% of NXP Semiconductors worth $59,785,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new stake in NXP Semiconductors in the 1st quarter valued at $54,000. Texas Permanent School Fund Corp grew its holdings in shares of NXP Semiconductors by 0.9% in the 1st quarter. Texas Permanent School Fund Corp now owns 53,282 shares of the semiconductor provider's stock worth $13,202,000 after purchasing an additional 460 shares during the last quarter. Advisory Alpha LLC lifted its holdings in NXP Semiconductors by 31.0% during the 1st quarter. Advisory Alpha LLC now owns 2,017 shares of the semiconductor provider's stock valued at $500,000 after purchasing an additional 477 shares during the last quarter. Manchester Capital Management LLC boosted its position in NXP Semiconductors by 341.0% in the first quarter. Manchester Capital Management LLC now owns 269 shares of the semiconductor provider's stock valued at $67,000 after buying an additional 208 shares in the last quarter. Finally, Gallacher Capital Management LLC acquired a new position in NXP Semiconductors in the first quarter valued at about $203,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NXPI shares. Morgan Stanley cut their target price on shares of NXP Semiconductors from $250.00 to $235.00 and set an "equal weight" rating for the company in a research note on Wednesday. Citigroup lifted their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the company a "sell" rating in a research report on Monday, July 15th. Citic Securities assumed coverage on NXP Semiconductors in a report on Friday, October 11th. They set a $288.00 target price on the stock. Susquehanna cut their price target on NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Barclays decreased their price objective on shares of NXP Semiconductors from $330.00 to $280.00 and set an "overweight" rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average target price of $276.85.

NXP Semiconductors Trading Up 2.0 %

Shares of NXP Semiconductors stock traded up $4.74 during trading on Thursday, hitting $236.12. 3,104,482 shares of the company were exchanged, compared to its average volume of 2,295,574. The firm has a market capitalization of $60.15 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49. The firm's fifty day moving average price is $236.43 and its 200 day moving average price is $253.19. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. NXP Semiconductors has a 1-year low of $179.64 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate of $3.43 by $0.02. The firm 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 34.11%. The business's quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.31 earnings per share. As a group, sell-side analysts expect that NXP Semiconductors will post 11.94 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a $1.014 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.72%. NXP Semiconductors's payout ratio is 38.74%.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.11% of the company's stock.

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.