Rhumbline Advisers Trims Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Rhumbline Advisers reduced its stake in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 256,451 shares of the semiconductor provider's stock after selling 7,014 shares during the quarter. Rhumbline Advisers owned 0.10% of NXP Semiconductors worth $53,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NXPI. ORG Wealth Partners LLC grew its stake in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of 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. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $33,000. 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 acquiring an additional 66 shares during the period. Finally, Fortitude Family Office LLC grew its holdings 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 acquiring an additional 75 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NXPI. Oppenheimer dropped their price objective on NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Truist Financial upped their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday. Stifel Nicolaus dropped their price objective on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Finally, Morgan Stanley raised NXP Semiconductors from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $267.00.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI traded down $9.34 on Friday, hitting $236.52. The company had a trading volume of 5,304,408 shares, compared to its average volume of 2,894,500. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The business has a 50 day moving average of $214.86 and a 200 day moving average of $227.99. The company 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 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.