Natixis Advisors LLC lessened its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 398,385 shares of the semiconductor provider’s stock after selling 25,202 shares during the quarter. Natixis Advisors LLC’s holdings in NXP Semiconductors were worth $90,724,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. CNB Bank purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $28,000. Delos Wealth Advisors LLC acquired a new position in NXP Semiconductors during the second quarter worth $35,000. Cornerstone Planning Group LLC raised its position in NXP Semiconductors by 1,092.9% in the third quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after acquiring an additional 153 shares in the last quarter. North Capital Inc. lifted its holdings in NXP Semiconductors by 119.8% in the third quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock valued at $43,000 after acquiring an additional 103 shares during the period. Finally, True Wealth Design LLC boosted its position in shares of NXP Semiconductors by 375.6% during the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.
NXP Semiconductors Trading Down 4.2%
Shares of NXP Semiconductors stock opened at $201.74 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.05 and a quick ratio of 1.38. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $256.36. The company has a market capitalization of $50.98 billion, a P/E ratio of 25.41, a P/E/G ratio of 0.90 and a beta of 1.45. The business has a 50 day moving average price of $231.12 and a 200 day moving average price of $222.82.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on NXPI shares. Cantor Fitzgerald reiterated an “overweight” rating on shares of NXP Semiconductors in a report on Tuesday, February 3rd. Mizuho lowered their target price on shares of NXP Semiconductors from $285.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 3rd. TD Cowen reduced their price target on shares of NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $245.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $253.67.
Get Our Latest Stock Report on NXPI
Insider Transactions at NXP Semiconductors
In other NXP Semiconductors news, EVP Jennifer Wuamett sold 12,425 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $2,745,179.50. Following the sale, the executive vice president directly owned 11,811 shares of the company’s stock, valued at $2,609,522.34. This trade represents a 51.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.12% of the company’s stock.
NXP Semiconductors Profile
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
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