Parkside Financial Bank & Trust Acquires 51 Shares of NXP Semiconductors (NASDAQ:NXPI)

Parkside Financial Bank & Trust lifted its position in NXP Semiconductors (NASDAQ:NXPI) by 9.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 573 shares of the semiconductor provider’s stock after purchasing an additional 51 shares during the quarter. Parkside Financial Bank & Trust’s holdings in NXP Semiconductors were worth $119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Crumly & Associates Inc. boosted its holdings in shares of NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after purchasing an additional 45 shares in the last quarter. Ascent Group LLC boosted its holdings in shares of NXP Semiconductors by 0.4% in the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after purchasing an additional 46 shares in the last quarter. Central Bank & Trust Co. boosted its holdings in shares of NXP Semiconductors by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after purchasing an additional 48 shares in the last quarter. Trustmark National Bank Trust Department boosted its holdings in shares of NXP Semiconductors by 6.8% in the 3rd quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider’s stock worth $221,000 after purchasing an additional 59 shares in the last quarter. Finally, J. W. Coons Advisors LLC boosted its holdings in shares of NXP Semiconductors by 2.1% in the 4th quarter. J. W. Coons Advisors LLC now owns 2,972 shares of the semiconductor provider’s stock worth $618,000 after purchasing an additional 60 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXPI has been the subject of several analyst reports. Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their target price for the company from $210.00 to $290.00 in a report on Thursday, February 20th. Stifel Nicolaus dropped their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Needham & Company LLC dropped their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Mizuho increased their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Barclays dropped their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Down 0.6 %

Shares of NASDAQ:NXPI opened at $215.59 on Monday. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The firm has a market capitalization of $54.68 billion, a P/E ratio of 22.16, a P/E/G ratio of 3.01 and a beta of 1.46. The stock has a 50 day moving average price of $216.03 and a 200-day moving average price of $227.24. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

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.