NXP Semiconductors (NASDAQ:NXPI) Shares Sold by Bell Bank

Bell Bank lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,118 shares of the semiconductor provider’s stock after selling 305 shares during the quarter. Bell Bank’s holdings in NXP Semiconductors were worth $648,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Drum Hill Capital LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $1,913,000. Crumly & Associates Inc. raised its position in NXP Semiconductors by 6.2% during the 4th quarter. Crumly & Associates Inc. now owns 2,415 shares of the semiconductor provider’s stock worth $502,000 after buying an additional 141 shares during the last quarter. Handelsbanken Fonder AB raised its position in NXP Semiconductors by 3.1% during the 4th quarter. Handelsbanken Fonder AB now owns 127,103 shares of the semiconductor provider’s stock worth $26,418,000 after buying an additional 3,826 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of NXP Semiconductors by 5.2% in the 4th quarter. Global Retirement Partners LLC now owns 2,191 shares of the semiconductor provider’s stock worth $455,000 after acquiring an additional 108 shares during the period. Finally, Kestra Investment Management LLC boosted its holdings in shares of NXP Semiconductors by 7.2% in the fourth quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider’s stock valued at $188,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $236.52 on Friday. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The firm has a market capitalization of $60.11 billion, a PE ratio of 24.31, a P/E/G ratio of 3.01 and a beta of 1.46. The firm has a 50-day moving average price of $214.86 and a 200 day moving average price of $227.99. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. TD Cowen reduced their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Mizuho increased their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group decreased their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

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.