ING Groep NV cut its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 24.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,727 shares of the semiconductor provider's stock after selling 12,760 shares during the period. ING Groep NV's holdings in NXP Semiconductors were worth $8,049,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Handelsbanken Fonder AB raised its holdings in shares of NXP Semiconductors by 3.1% in the fourth quarter. Handelsbanken Fonder AB now owns 127,103 shares of the semiconductor provider's stock valued at $26,418,000 after purchasing an additional 3,826 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of NXP Semiconductors by 5.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,191 shares of the semiconductor provider's stock valued at $455,000 after purchasing an additional 108 shares during the last quarter. Kestra Investment Management LLC raised its holdings in shares of NXP Semiconductors by 7.2% in the fourth quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider's stock valued at $188,000 after purchasing an additional 61 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of NXP Semiconductors by 3.2% in the fourth quarter. CIBC Asset Management Inc now owns 74,287 shares of the semiconductor provider's stock valued at $15,441,000 after purchasing an additional 2,276 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $46,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
NXPI has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group upgraded shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $260.00 to $257.00 in a report on Friday, January 10th. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They set an "overweight" rating and a $250.00 target price on the stock. Oppenheimer lowered their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four equities 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, NXP Semiconductors has an average rating of "Moderate Buy" and an average target price of $267.00.
View Our Latest Stock Report on NXPI
NXP Semiconductors Trading Down 3.8 %
Shares of NXP Semiconductors stock opened at $236.52 on Friday. The firm has a 50-day moving average of $214.86 and a 200-day moving average of $227.99. The stock has a market cap of $60.11 billion, a PE ratio of 24.31, a PEG ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.
NXP Semiconductors Company Profile
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Free Report)
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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