NXP Semiconductors (NASDAQ:NXPI) Shares Sold by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,088 shares of the semiconductor provider’s stock after selling 585 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in NXP Semiconductors were worth $642,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. ORG Wealth Partners LLC boosted its holdings in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $33,000. Brooklyn Investment Group boosted its holdings 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 valued at $33,000 after acquiring an additional 66 shares during the period. Finally, Fortitude Family Office LLC lifted its holdings in shares of NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NXPI shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Mizuho increased their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price target for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. UBS Group decreased their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Oppenheimer decreased their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Trading Up 0.4 %

Shares of NXPI stock opened at $216.53 on Tuesday. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The stock has a market cap of $54.92 billion, a P/E ratio of 22.25, a P/E/G ratio of 3.01 and a beta of 1.46. The business has a fifty day simple moving average of $216.08 and a 200-day simple moving average of $226.99. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

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.