Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,175 shares of the semiconductor provider’s stock after acquiring an additional 4,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NXP Semiconductors were worth $7,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of NXPI. ORG Wealth Partners LLC raised its holdings in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 119 shares during the period. Sound Income Strategies LLC lifted its stake in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares in the last quarter. FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the third quarter valued at approximately $33,000. Brooklyn Investment Group grew its stake in shares of NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC raised its stake in shares of NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 1.4 %

NXP Semiconductors stock opened at $233.15 on Tuesday. The stock’s 50 day moving average price is $215.16 and its 200 day moving average price is $227.83. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a market cap 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. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NXPI. Stifel Nicolaus decreased their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. UBS Group decreased their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.