M&G Plc Grows Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

M&G Plc grew its holdings in NXP Semiconductors (NASDAQ:NXPI) by 26.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 249,104 shares of the semiconductor provider’s stock after buying an additional 52,591 shares during the period. M&G Plc’s holdings in NXP Semiconductors were worth $59,785,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Family Firm Inc. acquired a new stake in shares of NXP Semiconductors in the second quarter valued at about $27,000. Addison Advisors LLC increased its position in NXP Semiconductors by 224.2% during the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares during the last quarter. Valley National Advisers Inc. increased its position in NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 52 shares during the last quarter. Fortitude Family Office LLC increased its position in NXP Semiconductors by 615.0% during the second quarter. Fortitude Family Office LLC now owns 143 shares of the semiconductor provider’s stock worth $38,000 after purchasing an additional 123 shares during the last quarter. Finally, Beacon Capital Management LLC increased its position in NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NXPI has been the subject of several recent analyst reports. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Evercore ISI cut their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday. Truist Financial lowered their target price on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research note on Friday, October 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 target price on shares of NXP Semiconductors in a research note on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $276.85.

Insider Activity at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of the company’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 transaction, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

NXP Semiconductors Stock Up 3.0 %

Shares of NXP Semiconductors stock opened at $231.38 on Thursday. The company has a 50 day moving average of $236.43 and a 200 day moving average of $253.19. NXP Semiconductors has a 52-week low of $178.19 and a 52-week high of $296.08. The company has a market capitalization of $58.94 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.57 and a beta of 1.49. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 34.11%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the company posted $3.31 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, research analysts forecast that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is 38.74%.

NXP Semiconductors 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.