Optimum Investment Advisors cut its position in NXP Semiconductors NV (NASDAQ:NXPI) by 42.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,328 shares of the semiconductor provider’s stock after selling 3,156 shares during the quarter. Optimum Investment Advisors’ holdings in NXP Semiconductors were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of NXPI. Dimensional Fund Advisors LP increased its stake in NXP Semiconductors by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,361 shares of the semiconductor provider’s stock valued at $1,353,000 after purchasing an additional 672 shares in the last quarter. Atria Investments LLC grew its stake in shares of NXP Semiconductors by 129.2% in the 3rd quarter. Atria Investments LLC now owns 9,571 shares of the semiconductor provider’s stock worth $818,000 after acquiring an additional 5,395 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth $242,000. State of Alaska Department of Revenue grew its stake in shares of NXP Semiconductors by 1.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 43,432 shares of the semiconductor provider’s stock worth $3,712,000 after acquiring an additional 622 shares in the last quarter. Finally, Polianta Ltd bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth $1,171,000. 75.47% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the stock. Piper Jaffray Companies assumed coverage on shares of NXP Semiconductors in a research report on Wednesday, December 26th. They set an “overweight” rating for the company. Needham & Company LLC reduced their price target on shares of NXP Semiconductors to $100.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Cowen reduced their price target on shares of NXP Semiconductors from $114.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, November 2nd. Susquehanna Bancshares assumed coverage on shares of NXP Semiconductors in a research report on Friday, December 7th. They set a “neutral” rating and a $90.00 price target for the company. Finally, Credit Suisse Group restated a “buy” rating and set a $125.00 price target on shares of NXP Semiconductors in a research report on Monday, December 3rd. Four analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $99.07.
Shares of NXP Semiconductors stock opened at $87.51 on Monday. NXP Semiconductors NV has a 12-month low of $67.62 and a 12-month high of $125.93. The stock has a market capitalization of $30.07 billion, a PE ratio of 14.73, a PEG ratio of 0.98 and a beta of 1.16. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.58.
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About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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