Transcend Capital Advisors LLC Trims Stake in NXP Semiconductors (NASDAQ:NXPI)

Transcend Capital Advisors LLC decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 12.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,828 shares of the semiconductor provider’s stock after selling 253 shares during the period. Transcend Capital Advisors LLC’s holdings in NXP Semiconductors were worth $380,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NXPI. Hennion & Walsh Asset Management Inc. grew its holdings in shares of NXP Semiconductors by 40.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,318 shares of the semiconductor provider’s stock worth $556,000 after acquiring an additional 666 shares during the period. CENTRAL TRUST Co grew its holdings in shares of NXP Semiconductors by 20.0% during the 3rd quarter. CENTRAL TRUST Co now owns 432 shares of the semiconductor provider’s stock worth $104,000 after acquiring an additional 72 shares during the period. Dakota Wealth Management grew its holdings in shares of NXP Semiconductors by 21.8% during the 3rd quarter. Dakota Wealth Management now owns 5,627 shares of the semiconductor provider’s stock worth $1,351,000 after acquiring an additional 1,009 shares during the period. Ballentine Partners LLC grew its holdings in shares of NXP Semiconductors by 6.0% during the 3rd quarter. Ballentine Partners LLC now owns 1,282 shares of the semiconductor provider’s stock worth $308,000 after acquiring an additional 73 shares during the period. Finally, Outlook Wealth Advisors LLC grew its stake in shares of NXP Semiconductors by 7.4% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 1,475 shares of the semiconductor provider’s stock worth $354,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Loop Capital assumed coverage on NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 price target on the stock. Wells Fargo & Company assumed coverage on NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Needham & Company LLC cut their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $236.52 on Monday. The business’s fifty day moving average price is $214.86 and its 200-day moving average price is $227.92. The stock has a market capitalization of $60.11 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 3.01 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08.

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.