Hohimer Wealth Management LLC acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,657 shares of the semiconductor provider’s stock, valued at approximately $605,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CNB Bank acquired a new stake in shares of NXP Semiconductors during the third quarter worth $28,000. Delos Wealth Advisors LLC bought a new position in NXP Semiconductors during the second quarter worth about $35,000. Cornerstone Planning Group LLC raised its stake in NXP Semiconductors by 1,092.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after purchasing an additional 153 shares in the last quarter. North Capital Inc. boosted its holdings in NXP Semiconductors by 119.8% in the 3rd quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock valued at $43,000 after purchasing an additional 103 shares during the period. Finally, True Wealth Design LLC boosted its holdings in NXP Semiconductors by 375.6% in the 2nd quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock valued at $43,000 after purchasing an additional 154 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.
NXP Semiconductors Trading Down 2.2%
Shares of NXPI opened at $227.01 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $256.36. The firm has a market cap of $57.36 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 1.04 and a beta of 1.47. The business’s fifty day moving average is $232.31 and its 200-day moving average is $223.42.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on NXPI shares. KeyCorp raised their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. raised their price objective on NXP Semiconductors from $245.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Bank of America cut their target price on NXP Semiconductors from $265.00 to $245.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $253.67.
Check Out Our Latest Research Report on NXPI
Insider Activity at NXP Semiconductors
In related news, insider Julie Southern purchased 225 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was bought at an average cost of $225.48 per share, for a total transaction of $50,733.00. Following the completion of the acquisition, the insider owned 11,937 shares of the company’s stock, valued at approximately $2,691,554.76. This represents a 1.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher L. Jensen sold 2,300 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total value of $524,791.00. Following the completion of the transaction, the executive vice president owned 9,965 shares of the company’s stock, valued at $2,273,714.05. The trade was a 18.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by insiders.
About NXP Semiconductors
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.
Read More
- Five stocks we like better than NXP Semiconductors
- Unlocked: Elon Musk’s Next Big IPO
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- 1,500 Banks Just Handed the Fed Your Bank Account
- Read this or regret it forever
- Silver paying 20% dividend. Plus 68% share gains
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.
