NewEdge Wealth LLC Sells 406 Shares of NXP Semiconductors (NASDAQ:NXPI)

NewEdge Wealth LLC lessened its position in NXP Semiconductors (NASDAQ:NXPI) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,067 shares of the semiconductor provider’s stock after selling 406 shares during the period. NewEdge Wealth LLC’s holdings in NXP Semiconductors were worth $3,340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NXPI. Gibraltar Capital Management Inc. raised its holdings in shares of NXP Semiconductors by 1.2% during the fourth quarter. Gibraltar Capital Management Inc. now owns 40,413 shares of the semiconductor provider’s stock valued at $8,400,000 after purchasing an additional 483 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in NXP Semiconductors by 27.4% during the fourth quarter. Lake Street Advisors Group LLC now owns 1,373 shares of the semiconductor provider’s stock valued at $287,000 after buying an additional 295 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in NXP Semiconductors by 6.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,474,283 shares of the semiconductor provider’s stock valued at $306,430,000 after buying an additional 85,733 shares during the last quarter. CWS Financial Advisors LLC increased its holdings in NXP Semiconductors by 13.7% during the fourth quarter. CWS Financial Advisors LLC now owns 1,402 shares of the semiconductor provider’s stock valued at $291,000 after buying an additional 169 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co increased its holdings in NXP Semiconductors by 7.5% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 4,300 shares of the semiconductor provider’s stock valued at $894,000 after buying an additional 300 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $215.59 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a fifty day simple moving average of $216.03 and a 200-day simple moving average of $227.50. The firm has a market capitalization of $54.68 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 3.01 and a beta of 1.46.

Analyst Upgrades and Downgrades

A number of analysts have commented on NXPI shares. TD Cowen reduced their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Wells Fargo & Company started coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective for the company. Barclays reduced their price objective 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. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has a consensus 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.