NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by Allworth Financial LP

Allworth Financial LP boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 150.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,566 shares of the semiconductor provider’s stock after purchasing an additional 2,144 shares during the quarter. Allworth Financial LP’s holdings in NXP Semiconductors were worth $771,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Eastern Bank bought a new position in shares of NXP Semiconductors during the third quarter worth about $419,000. Stanley Laman Group Ltd. grew its position in NXP Semiconductors by 2.6% in the 3rd quarter. Stanley Laman Group Ltd. now owns 20,002 shares of the semiconductor provider’s stock worth $4,801,000 after purchasing an additional 512 shares during the last quarter. Global X Japan Co. Ltd. increased its stake in shares of NXP Semiconductors by 0.6% in the third quarter. Global X Japan Co. Ltd. now owns 19,553 shares of the semiconductor provider’s stock valued at $4,693,000 after purchasing an additional 108 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of NXP Semiconductors by 38.6% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,480 shares of the semiconductor provider’s stock valued at $356,000 after purchasing an additional 412 shares during the period. Finally, Sterling Investment Counsel LLC raised its holdings in shares of NXP Semiconductors by 5.7% during the third quarter. Sterling Investment Counsel LLC now owns 850 shares of the semiconductor provider’s stock valued at $204,000 after buying an additional 46 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 7.3 %

Shares of NXPI opened at $245.58 on Thursday. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The stock has a market capitalization of $62.42 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.75 and a beta of 1.46. The business’s 50-day moving average price is $213.90 and its 200 day moving average price is $227.86.

Analysts Set New Price Targets

Several analysts recently commented on NXPI shares. Truist Financial raised 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. JPMorgan Chase & Co. lowered their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Evercore ISI reduced their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their target price for the company from $260.00 to $257.00 in a research report on Friday, January 10th. Finally, Susquehanna dropped their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $264.75.

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.