NXP Semiconductors (NASDAQ:NXPI) Position Lowered by Marco Investment Management LLC

Marco Investment Management LLC decreased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,527 shares of the semiconductor provider’s stock after selling 998 shares during the period. NXP Semiconductors comprises about 1.3% of Marco Investment Management LLC’s investment portfolio, making the stock its 24th biggest holding. Marco Investment Management LLC’s holdings in NXP Semiconductors were worth $15,490,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GDS Wealth Management lifted its position in shares of NXP Semiconductors by 7.7% during the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after purchasing an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new stake in NXP Semiconductors during the third quarter worth about $13,445,000. Merit Financial Group LLC acquired a new stake in NXP Semiconductors during the fourth quarter worth about $360,000. Strategic Financial Concepts LLC acquired a new stake in NXP Semiconductors during the fourth quarter worth about $46,000. Finally, Banque Cantonale Vaudoise raised its stake in NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after acquiring an additional 9,710 shares during the period. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays dropped their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Truist Financial increased 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. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, TD Cowen dropped their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $214.47 on Friday. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a market capitalization of $54.39 billion, a PE ratio of 22.04, a P/E/G ratio of 3.01 and a beta of 1.46. The company’s 50 day simple moving average is $216.01 and its 200 day simple moving average is $226.53.

NXP Semiconductors Company Profile

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.