NXP Semiconductors (NASDAQ:NXPI) Stake Lessened by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,539 shares of the semiconductor provider’s stock after selling 1,126 shares during the quarter. Amalgamated Bank’s holdings in NXP Semiconductors were worth $7,387,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC grew its position in shares of NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter valued at approximately $33,000. Sound Income Strategies LLC lifted its stake in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the last quarter. Brooklyn Investment Group boosted its holdings in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares during the period. Finally, Fortitude Family Office LLC increased its stake in NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $229.38 on Thursday. The firm has a market capitalization of $58.30 billion, a PE ratio of 23.57, a P/E/G ratio of 3.01 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $215.73 and a 200 day moving average price of $227.75. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08.

Analysts Set New Price Targets

NXPI has been the topic of a number of recent research reports. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Mizuho raised their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Wells Fargo & Company began coverage on NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price for the company. Needham & Company LLC dropped their price target on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Finally, TD Cowen cut their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.