Pinion Investment Advisors LLC Sells 653 Shares of NXP Semiconductors (NASDAQ:NXPI)

Pinion Investment Advisors LLC decreased its position in NXP Semiconductors (NASDAQ:NXPI) by 28.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,665 shares of the semiconductor provider’s stock after selling 653 shares during the period. Pinion Investment Advisors LLC’s holdings in NXP Semiconductors were worth $346,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of NXP Semiconductors by 387.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after purchasing an additional 1,823,650 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of NXP Semiconductors by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after purchasing an additional 824,317 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in NXP Semiconductors by 337.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after purchasing an additional 724,951 shares during the last quarter. Assenagon Asset Management S.A. grew its position in NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after purchasing an additional 511,553 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new stake in NXP Semiconductors during the 3rd quarter valued at $48,002,000. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NXPI. Barclays dropped their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Stifel Nicolaus cut their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Mizuho increased their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, UBS Group cut their price objective on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $216.53 on Tuesday. The stock has a market capitalization of $54.92 billion, a PE ratio of 22.25, a P/E/G ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The business has a 50 day simple moving average of $216.08 and a two-hundred day simple moving average of $226.99. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

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.