Oppenheimer Asset Management Inc. Has $5.51 Million Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Oppenheimer Asset Management Inc. trimmed its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,529 shares of the semiconductor provider's stock after selling 2,438 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in NXP Semiconductors were worth $5,514,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. ORG Wealth Partners LLC raised its position in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock worth $27,000 after acquiring an additional 119 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in NXP Semiconductors in the 3rd quarter valued at about $33,000. Sound Income Strategies LLC lifted its stake in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider's stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. Brooklyn Investment Group grew its holdings in NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after purchasing an additional 66 shares during the period. Finally, Fortitude Family Office LLC increased its position in NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider's stock worth $45,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Oppenheimer reduced their target price on NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. UBS Group reduced their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Truist Financial increased their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Citigroup raised shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Finally, Susquehanna lowered their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $267.00.

NXP Semiconductors Price Performance

NXPI stock traded up $0.07 during midday trading on Tuesday, reaching $216.60. The company had a trading volume of 1,664,090 shares, compared to its average volume of 2,955,302. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The stock has a 50 day moving average price of $216.08 and a 200-day moving average price of $226.99. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The company has a market capitalization of $54.93 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46.

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.