Kentucky Retirement Systems Sells 241 Shares of NXP Semiconductors (NASDAQ:NXPI)

Kentucky Retirement Systems lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,505 shares of the semiconductor provider’s stock after selling 241 shares during the period. Kentucky Retirement Systems’ holdings in NXP Semiconductors were worth $3,638,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NXPI. GDS Wealth Management grew its position in shares of NXP Semiconductors by 7.7% during the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares during the period. HITE Hedge Asset Management LLC bought a new position in NXP Semiconductors in the third quarter worth approximately $13,445,000. Merit Financial Group LLC acquired a new stake in NXP Semiconductors in the fourth quarter valued at approximately $360,000. Strategic Financial Concepts LLC bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $46,000. Finally, Banque Cantonale Vaudoise raised its position in shares of NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after purchasing an additional 9,710 shares during the period. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. TD Cowen decreased their target price 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. Wells Fargo & Company assumed coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. Needham & Company LLC lowered their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. cut their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Truist Financial increased their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Trading Down 3.8 %

NASDAQ:NXPI opened at $236.52 on Friday. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The stock’s fifty day moving average price is $214.86 and its two-hundred day moving average price is $227.99. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The company has a market cap of $60.11 billion, a P/E ratio of 24.31, a P/E/G ratio of 3.01 and a beta of 1.46.

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.