Principal Financial Group Inc. Sells 25,610 Shares of NXP Semiconductors (NASDAQ:NXPI)

Principal Financial Group Inc. decreased its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 278,285 shares of the semiconductor provider's stock after selling 25,610 shares during the period. Principal Financial Group Inc. owned 0.11% of NXP Semiconductors worth $57,842,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NXPI. State Street Corp boosted its position in shares of NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after buying an additional 139,641 shares during the period. Geode Capital Management LLC lifted its holdings in NXP Semiconductors by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider's stock worth $1,231,533,000 after buying an additional 57,762 shares in the last quarter. Franklin Resources Inc. boosted its holdings in NXP Semiconductors by 2.1% in the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock valued at $1,063,322,000 after purchasing an additional 93,129 shares during the last quarter. Van ECK Associates Corp increased its position in shares of NXP Semiconductors by 27.1% in the 4th 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 during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of NXP Semiconductors by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider's stock valued at $655,453,000 after acquiring an additional 20,145 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company's stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock traded down $9.34 on Friday, reaching $236.52. The company's stock had a trading volume of 5,304,408 shares, compared to its average volume of 2,894,500. The business's fifty day moving average price is $214.47 and its 200 day moving average price is $227.98. 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 has a twelve month low of $198.21 and a twelve month high of $296.08. The company has a market cap of $60.11 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 3.01 and a beta of 1.46.

Analyst Ratings Changes

A number of brokerages have weighed in on NXPI. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Loop Capital assumed coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They issued a "buy" rating and a $300.00 price target for the company. Needham & Company LLC cut their price objective on NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. TD Cowen cut their price objective on NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Finally, Susquehanna decreased their target price on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and a consensus target price of $267.00.

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.