D.A. Davidson & CO. Cuts Stake in NXP Semiconductors (NASDAQ:NXPI)

D.A. Davidson & CO. reduced its position in NXP Semiconductors (NASDAQ:NXPI) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,119 shares of the semiconductor provider’s stock after selling 207 shares during the quarter. D.A. Davidson & CO.’s holdings in NXP Semiconductors were worth $1,688,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in NXP Semiconductors by 3.2% in the fourth quarter. CIBC Asset Management Inc now owns 74,287 shares of the semiconductor provider’s stock worth $15,441,000 after purchasing an additional 2,276 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in NXP Semiconductors in the fourth quarter worth $46,000. Allworth Financial LP grew its holdings in NXP Semiconductors by 150.8% in the fourth quarter. Allworth Financial LP now owns 3,566 shares of the semiconductor provider’s stock worth $771,000 after purchasing an additional 2,144 shares during the last quarter. Principal Securities Inc. grew its holdings in NXP Semiconductors by 8.7% in the fourth quarter. Principal Securities Inc. now owns 4,179 shares of the semiconductor provider’s stock worth $869,000 after purchasing an additional 334 shares during the last quarter. Finally, Seascape Capital Management grew its holdings in NXP Semiconductors by 2.2% in the fourth quarter. Seascape Capital Management now owns 14,752 shares of the semiconductor provider’s stock worth $3,066,000 after purchasing an additional 319 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $210.00 to $290.00 in a research note on Thursday. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Evercore ISI lowered their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Truist Financial lifted their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company assumed coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Trading Down 3.8 %

Shares of NXP Semiconductors stock opened at $236.52 on Friday. The firm has a 50-day simple moving average of $214.86 and a two-hundred day simple moving average of $227.93. The company has a market cap of $60.11 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week 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.