South Dakota Investment Council Has $1.12 Million Position in NXP Semiconductors (NASDAQ:NXPI)

South Dakota Investment Council lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 77.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,396 shares of the semiconductor provider’s stock after selling 18,185 shares during the quarter. South Dakota Investment Council’s holdings in NXP Semiconductors were worth $1,122,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. GDS Wealth Management boosted its holdings in 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 during the last quarter. HITE Hedge Asset Management LLC acquired a new position in NXP Semiconductors during the 3rd quarter valued at about $13,445,000. Merit Financial Group LLC bought a new position in shares of NXP Semiconductors in the 4th quarter valued at about $360,000. Strategic Financial Concepts LLC acquired a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $46,000. Finally, Banque Cantonale Vaudoise grew its position in shares of NXP Semiconductors by 60.2% during the 3rd 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 owned by institutional investors.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $236.52 on Monday. The firm has a market capitalization of $60.11 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm’s fifty day moving average price is $214.86 and its two-hundred day moving average price is $227.92. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Truist Financial raised their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Susquehanna decreased their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. Finally, Barclays decreased their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $267.00.

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.