NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC raised its position in NXP Semiconductors (NASDAQ:NXPI) by 15.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,041 shares of the semiconductor provider’s stock after acquiring an additional 546 shares during the quarter. Hartford Funds Management Co LLC’s holdings in NXP Semiconductors were worth $840,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of NXP Semiconductors by 11.0% during the third quarter. Farther Finance Advisors LLC now owns 1,148 shares of the semiconductor provider’s stock worth $276,000 after buying an additional 114 shares during the period. QRG Capital Management Inc. lifted its stake in shares of NXP Semiconductors by 9.1% during the third quarter. QRG Capital Management Inc. now owns 2,635 shares of the semiconductor provider’s stock worth $632,000 after buying an additional 220 shares during the period. Foster & Motley Inc. acquired a new stake in shares of NXP Semiconductors during the third quarter worth $239,000. M&G PLC lifted its stake in shares of NXP Semiconductors by 26.8% during the third quarter. M&G PLC now owns 249,104 shares of the semiconductor provider’s stock worth $59,785,000 after buying an additional 52,591 shares during the period. Finally, Advisor Resource Council acquired a new stake in shares of NXP Semiconductors during the third quarter worth $555,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NXPI has been the subject of several research reports. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective for the company. Barclays reduced their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Susquehanna reduced their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Down 1.1 %

Shares of NASDAQ NXPI opened at $214.47 on Friday. The company’s 50-day simple moving average is $216.01 and its 200-day simple moving average is $226.53. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The firm has a market cap of $54.39 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

NXP Semiconductors Company 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.