Argyle Capital Management LLC Buys Shares of 4,046 NXP Semiconductors (NASDAQ:NXPI)

Argyle Capital Management LLC bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,046 shares of the semiconductor provider's stock, valued at approximately $841,000.

A number of other hedge funds have also modified their holdings of NXPI. State Street Corp increased its stake in NXP Semiconductors by 1.3% in the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after buying an additional 139,641 shares in the last quarter. Geode Capital Management LLC raised its stake in NXP Semiconductors by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider's stock valued at $1,231,533,000 after purchasing an additional 57,762 shares during the period. Franklin Resources Inc. lifted its holdings in NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock worth $1,063,322,000 after purchasing an additional 93,129 shares in the last quarter. Van ECK Associates Corp boosted its stake in NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after purchasing an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock valued at $655,453,000 after buying an additional 20,145 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NXPI shares. Evercore ISI cut their target price on shares of NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Needham & Company LLC reduced their target price on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. Mizuho raised their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Stifel Nicolaus decreased their price objective on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Finally, Truist Financial raised their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $267.00.

NXP Semiconductors Trading Down 2.4 %

Shares of NXP Semiconductors stock traded down $5.22 on Tuesday, hitting $211.32. 2,235,443 shares of the company traded hands, compared to its average volume of 2,964,460. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a market cap of $53.59 billion, a PE ratio of 21.68, a PEG ratio of 3.01 and a beta of 1.46. The stock's 50 day moving average price is $216.08 and its 200-day moving average price is $226.99. The company has a current ratio of 2.36, a quick ratio of 1.60 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.