NXP Semiconductors (NASDAQ:NXPI) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 2,997.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,301 shares of the semiconductor provider’s stock after purchasing an additional 1,259 shares during the quarter. SRS Capital Advisors Inc.’s holdings in NXP Semiconductors were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NXP Semiconductors by 387.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after buying an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp raised its position in NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after purchasing an additional 824,317 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in NXP Semiconductors by 337.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock valued at $225,591,000 after purchasing an additional 724,951 shares during the period. Assenagon Asset Management S.A. raised its position in NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after purchasing an additional 511,553 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new stake in NXP Semiconductors in the third quarter valued at $48,002,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on NXPI shares. JPMorgan Chase & Co. reduced their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Truist Financial lifted their target price on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Mizuho lifted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Barclays reduced their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Trading Down 2.5 %

NASDAQ:NXPI opened at $211.16 on Wednesday. The stock has a 50-day simple moving average of $215.99 and a 200-day simple moving average of $226.68. The stock has a market cap of $53.55 billion, a P/E ratio of 21.70, a P/E/G ratio of 3.01 and a beta of 1.46. 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 quick ratio of 1.60 and a current ratio of 2.36.

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.