NXP Semiconductors (NASDAQ:NXPI) Stock Position Decreased by Private Advisor Group LLC

Private Advisor Group LLC trimmed its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,928 shares of the semiconductor provider’s stock after selling 1,221 shares during the period. Private Advisor Group LLC’s holdings in NXP Semiconductors were worth $2,687,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GDS Wealth Management lifted its stake in shares of NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after purchasing an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter worth about $13,445,000. Merit Financial Group LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter worth about $360,000. Strategic Financial Concepts LLC acquired a new position in shares of NXP Semiconductors during the 4th quarter valued at about $46,000. Finally, Banque Cantonale Vaudoise raised its stake in shares of NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after acquiring an additional 9,710 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NXPI. Barclays lowered their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Susquehanna lowered their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Mizuho upped their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, TD Cowen dropped their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Trading Down 1.4 %

Shares of NXP Semiconductors stock opened at $233.15 on Tuesday. The company’s fifty day moving average price is $215.16 and its two-hundred day moving average price is $227.83. The firm has a market capitalization of $59.26 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

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.