Strategic Financial Concepts LLC bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 22,083 shares of the semiconductor provider's stock, valued at approximately $46,000.
Several other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in shares of NXP Semiconductors by 1.3% during the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider's stock worth $2,572,694,000 after acquiring an additional 139,641 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of NXP Semiconductors by 1.1% during 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 acquiring an additional 57,762 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of NXP Semiconductors by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider's stock worth $1,063,322,000 after acquiring an additional 93,129 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after acquiring an additional 824,317 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake 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 worth $655,453,000 after acquiring an additional 20,145 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.
NXP Semiconductors Stock Performance
NXP Semiconductors stock opened at $236.52 on Friday. The firm has a 50 day simple moving average of $214.86 and a 200-day simple moving average of $227.99. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. 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 stock has a market cap of $60.11 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46.
Analyst Ratings Changes
NXPI has been the subject of several research analyst reports. Stifel Nicolaus reduced their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. Barclays reduced their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Citigroup upgraded shares of NXP Semiconductors from a "neutral" rating to a "buy" rating and upped their price target for the stock from $210.00 to $290.00 in a research report on Thursday. Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, UBS Group cut their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Four investment 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 a consensus rating of "Moderate Buy" and a consensus price target of $267.00.
Read Our Latest Stock Analysis on NXPI
NXP Semiconductors Profile
(
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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