Bahl & Gaynor Inc. Sells 200,225 Shares of NXP Semiconductors (NASDAQ:NXPI)

Bahl & Gaynor Inc. trimmed its stake in NXP Semiconductors (NASDAQ:NXPI) by 96.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,498 shares of the semiconductor provider’s stock after selling 200,225 shares during the quarter. Bahl & Gaynor Inc.’s holdings in NXP Semiconductors were worth $1,351,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NXPI. Farther Finance Advisors LLC grew its stake in NXP Semiconductors by 11.0% in the third quarter. Farther Finance Advisors LLC now owns 1,148 shares of the semiconductor provider’s stock valued at $276,000 after purchasing an additional 114 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in NXP Semiconductors by 1.0% in the third quarter. Asset Management One Co. Ltd. now owns 95,949 shares of the semiconductor provider’s stock valued at $23,029,000 after purchasing an additional 912 shares in the last quarter. QRG Capital Management Inc. grew its stake in NXP Semiconductors by 9.1% in the third quarter. QRG Capital Management Inc. now owns 2,635 shares of the semiconductor provider’s stock valued at $632,000 after purchasing an additional 220 shares in the last quarter. Martin Investment Management LLC grew its stake in NXP Semiconductors by 3.1% in the third quarter. Martin Investment Management LLC now owns 33,169 shares of the semiconductor provider’s stock valued at $7,961,000 after purchasing an additional 993 shares in the last quarter. Finally, ASB Consultores LLC lifted its position in shares of NXP Semiconductors by 8.2% in the third quarter. ASB Consultores LLC now owns 1,562 shares of the semiconductor provider’s stock valued at $375,000 after buying an additional 118 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $211.16 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The stock has a market capitalization of $53.55 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. The stock has a fifty day moving average of $215.99 and a 200-day moving average of $226.68.

Analyst Ratings Changes

NXPI has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Truist Financial raised their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price objective for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Finally, Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

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.