Barclays PLC cut its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,736,607 shares of the semiconductor provider’s stock after selling 266,554 shares during the period. Barclays PLC owned about 0.69% of NXP Semiconductors worth $395,478,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in NXPI. CNB Bank bought a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $28,000. Delos Wealth Advisors LLC bought a new stake in NXP Semiconductors during the second quarter worth approximately $35,000. Cornerstone Planning Group LLC increased its stake in NXP Semiconductors by 1,092.9% during the third quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after acquiring an additional 153 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in NXP Semiconductors during the second quarter valued at approximately $43,000. Finally, True Wealth Design LLC raised its position in NXP Semiconductors by 375.6% during the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock valued at $43,000 after purchasing an additional 154 shares during the period. 90.54% of the stock is currently owned by institutional investors.
NXP Semiconductors Trading Down 4.2%
Shares of NXP Semiconductors stock opened at $201.74 on Friday. The firm’s 50 day simple moving average is $231.12 and its two-hundred day simple moving average is $222.90. The firm has a market capitalization of $50.98 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 0.94 and a beta of 1.45. NXP Semiconductors N.V. has a 12-month low of $148.09 and a 12-month high of $256.36. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09.
Insider Activity
In related news, EVP Jennifer Wuamett sold 12,425 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total value of $2,745,179.50. Following the transaction, the executive vice president owned 11,811 shares in the company, valued at approximately $2,609,522.34. This represents a 51.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
NXPI has been the subject of a number of recent research reports. Barclays reiterated an “overweight” rating and issued a $255.00 target price on shares of NXP Semiconductors in a report on Thursday, January 15th. Wells Fargo & Company raised their price target on NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Truist Financial dropped their price objective on shares of NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of NXP Semiconductors in a research note on Thursday, January 22nd. Finally, Mizuho lowered their target price on shares of NXP Semiconductors from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $253.67.
Get Our Latest Stock Analysis on NXP Semiconductors
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.
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