NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co grew its stake in NXP Semiconductors (NASDAQ:NXPI) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,300 shares of the semiconductor provider’s stock after acquiring an additional 300 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in NXP Semiconductors were worth $894,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GDS Wealth Management lifted its position in shares of NXP Semiconductors by 7.7% in the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after acquiring an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of NXP Semiconductors in the third quarter valued at $13,445,000. Merit Financial Group LLC purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at $360,000. Strategic Financial Concepts LLC purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at $46,000. Finally, Banque Cantonale Vaudoise lifted its position in 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 buying an additional 9,710 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

NXPI stock opened at $228.56 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The firm has a market cap of $58.09 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. The stock has a 50-day simple moving average of $215.35 and a 200-day simple moving average of $227.74.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NXPI. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Loop Capital began coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. UBS Group reduced their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. TD Cowen reduced their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, Susquehanna reduced their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Four 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 company presently has an average rating of “Moderate Buy” and an average target price of $267.00.

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.