Robeco Schweiz AG Trims Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Robeco Schweiz AG trimmed its position in NXP Semiconductors (NASDAQ:NXPI) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,630 shares of the semiconductor provider’s stock after selling 11,470 shares during the quarter. Robeco Schweiz AG owned about 0.05% of NXP Semiconductors worth $27,359,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC grew its position in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares during the period. FSA Wealth Management LLC acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at $33,000. Sound Income Strategies LLC grew its holdings in shares of NXP Semiconductors by 169.2% during the 4th 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 period. Brooklyn Investment Group increased its position in shares of NXP Semiconductors by 69.5% during the 4th 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 last quarter. Finally, Fortitude Family Office LLC raised its holdings in NXP Semiconductors by 52.4% in the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NASDAQ:NXPI opened at $229.38 on Thursday. The firm has a market capitalization of $58.30 billion, a PE ratio of 23.57, a price-to-earnings-growth 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. The business’s fifty day moving average price is $215.73 and its 200 day moving average price is $227.75. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08.

Analyst Ratings Changes

Several brokerages have weighed in on NXPI. Barclays lowered their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Loop Capital initiated coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price objective for the company. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Oppenheimer decreased their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Evercore ISI dropped their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors 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.