Charles Schwab Investment Management Inc. Increases Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Charles Schwab Investment Management Inc. boosted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,425,212 shares of the semiconductor provider's stock after buying an additional 31,431 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.56% of NXP Semiconductors worth $296,230,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NXP Semiconductors by 387.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider's stock worth $550,665,000 after acquiring an additional 1,823,650 shares in the last quarter. Van ECK Associates Corp raised its holdings in NXP Semiconductors by 27.1% in the fourth 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of NXP Semiconductors by 337.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider's stock valued at $225,591,000 after buying an additional 724,951 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider's stock valued at $115,396,000 after buying an additional 511,553 shares in the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in shares of NXP Semiconductors in the 3rd quarter valued at about $48,002,000. Institutional investors own 90.54% of the company's stock.

Analysts Set New Price Targets

NXPI has been the subject of a number of analyst reports. Morgan Stanley raised shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Stifel Nicolaus lowered their price objective on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. UBS Group reduced their target price on NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. TD Cowen lowered their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Finally, Citigroup upgraded NXP Semiconductors from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $267.00.

NXP Semiconductors Stock Up 2.7 %

NXPI opened at $216.77 on Thursday. The company has a market cap of $54.98 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. The company has a 50-day moving average price of $216.02 and a 200 day moving average price of $226.61. 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.

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