NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Bailard Inc.

Bailard Inc. lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 15.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,108 shares of the semiconductor provider's stock after selling 1,842 shares during the quarter. Bailard Inc.'s holdings in NXP Semiconductors were worth $2,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC raised its stake in shares of 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 acquiring an additional 119 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter valued at approximately $33,000. Sound Income Strategies LLC boosted its stake in 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. Brooklyn Investment Group increased its position in 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 buying an additional 66 shares during the period. Finally, Fortitude Family Office LLC boosted its position 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 buying an additional 75 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock traded up $5.61 on Wednesday, hitting $216.77. 2,618,721 shares of the company traded hands, compared to its average volume of 2,300,126. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The business has a 50-day simple moving average of $215.99 and a 200 day simple moving average of $226.68. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a market capitalization of $54.98 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of research analyst reports. Citigroup upgraded shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and raised their price objective for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an "overweight" rating and a $250.00 target price for the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a research note 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. Finally, Loop Capital assumed coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a "buy" rating and a $300.00 price objective for the company. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average target price of $267.00.

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.