LGT Fund Management Co Ltd. Reduces Stock Position in NXP Semiconductors (NASDAQ:NXPI)

LGT Fund Management Co Ltd. lessened its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,088 shares of the semiconductor provider’s stock after selling 585 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in NXP Semiconductors were worth $642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its position in NXP Semiconductors by 30.0% during the 4th quarter. Jones Financial Companies Lllp now owns 13,123 shares of the semiconductor provider’s stock worth $2,728,000 after purchasing an additional 3,025 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in NXP Semiconductors by 2,997.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,301 shares of the semiconductor provider’s stock valued at $270,000 after buying an additional 1,259 shares during the period. Smartleaf Asset Management LLC grew its holdings in NXP Semiconductors by 20.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 529 shares of the semiconductor provider’s stock valued at $110,000 after buying an additional 90 shares during the period. Metis Global Partners LLC grew its holdings in NXP Semiconductors by 5.3% in the 4th quarter. Metis Global Partners LLC now owns 12,853 shares of the semiconductor provider’s stock valued at $2,671,000 after buying an additional 647 shares during the period. Finally, Bank OZK grew its holdings in NXP Semiconductors by 4.5% in the 4th quarter. Bank OZK now owns 9,525 shares of the semiconductor provider’s stock valued at $1,980,000 after buying an additional 414 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on NXPI. Wells Fargo & Company began coverage on NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target for the company. Mizuho lifted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Needham & Company LLC lowered their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Oppenheimer lowered their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $216.53 on Tuesday. The stock’s 50 day moving average price is $216.08 and its 200 day moving average price is $226.99. The firm has a market capitalization of $54.92 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08.

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.