NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC increased its stake in NXP Semiconductors (NASDAQ:NXPI) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,191 shares of the semiconductor provider’s stock after buying an additional 108 shares during the quarter. Global Retirement Partners LLC’s holdings in NXP Semiconductors were worth $455,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of NXPI. State Street Corp grew its position in NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after acquiring an additional 139,641 shares in the last quarter. Geode Capital Management LLC grew its holdings in 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 valued at $1,231,533,000 after purchasing an additional 57,762 shares in the last quarter. Franklin Resources Inc. increased its stake in 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 buying an additional 93,129 shares during the period. Van ECK Associates Corp increased its stake in 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 buying an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after buying an additional 20,145 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on NXPI shares. Needham & Company LLC cut their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. UBS Group cut their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. JPMorgan Chase & Co. cut their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Performance

NXPI opened at $236.52 on Monday. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a market capitalization 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. The business has a 50 day moving average price of $214.86 and a two-hundred day moving average price of $227.92. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

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.