NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Allworth Financial LP

Allworth Financial LP boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 150.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,566 shares of the semiconductor provider's stock after buying an additional 2,144 shares during the period. Allworth Financial LP's holdings in NXP Semiconductors were worth $771,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NXP Semiconductors by 387.4% during 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 valued at $550,665,000 after buying an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp boosted its stake in NXP Semiconductors by 67.2% during the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider's stock valued at $718,680,000 after buying an additional 1,222,736 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of 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 valued at $225,591,000 after purchasing an additional 724,951 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of NXP Semiconductors by 24,533.2% in 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 purchasing an additional 512,253 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake 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 purchasing an additional 511,553 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NXPI. 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. Loop Capital initiated coverage on NXP Semiconductors in a research report on Monday, November 11th. They issued a "buy" rating and a $300.00 price objective for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Stifel Nicolaus lowered their price target 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. Finally, Evercore ISI lowered their price target on NXP Semiconductors from $370.00 to $315.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $267.00.

NXP Semiconductors Price Performance

NXPI stock traded down $7.72 during mid-day trading on Friday, reaching $238.14. The company's stock had a trading volume of 1,726,304 shares, compared to its average volume of 2,783,251. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The stock has a market cap of $60.53 billion, a PE ratio of 24.44, a P/E/G ratio of 3.01 and a beta of 1.46. The company's 50 day moving average is $214.47 and its two-hundred day moving average is $227.98.

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.