Handelsbanken Fonder AB Purchases 3,826 Shares of NXP Semiconductors (NASDAQ:NXPI)

Handelsbanken Fonder AB increased its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,103 shares of the semiconductor provider's stock after buying an additional 3,826 shares during the period. Handelsbanken Fonder AB owned 0.05% of NXP Semiconductors worth $26,418,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of NXP Semiconductors by 387.4% in the third 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 during the period. Van ECK Associates Corp lifted its holdings in NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider's stock worth $718,680,000 after purchasing an additional 1,222,736 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in NXP Semiconductors by 337.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider's stock worth $225,591,000 after purchasing an additional 724,951 shares during the period. International Assets Investment Management LLC grew its holdings in NXP Semiconductors by 24,533.2% during the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider's stock valued at $123,447,000 after buying an additional 512,253 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of NXP Semiconductors by 1,172.3% during the fourth 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 during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NXPI has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Mizuho upped their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday. Citigroup upgraded NXP Semiconductors from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $210.00 to $290.00 in a research report on Thursday. The Goldman Sachs Group upgraded NXP Semiconductors from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $260.00 to $257.00 in a research report on Friday, January 10th. Finally, TD Cowen dropped their price target on NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, NXP Semiconductors presently has an average rating of "Moderate Buy" and an average price target of $267.00.

NXP Semiconductors Trading Down 3.8 %

NASDAQ NXPI traded down $9.34 during trading on Friday, hitting $236.52. 5,304,408 shares of the company's stock traded hands, compared to its average volume of 2,894,500. The firm has a market cap of $60.11 billion, a P/E ratio of 24.31, a PEG ratio of 3.01 and a beta of 1.46. The stock has a fifty day moving average of $214.47 and a two-hundred day moving average of $227.98. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08.

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.