GraniteShares Advisors LLC Sells 332 Shares of NXP Semiconductors (NASDAQ:NXPI)

GraniteShares Advisors LLC lessened its stake in NXP Semiconductors (NASDAQ:NXPI) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,584 shares of the semiconductor provider’s stock after selling 332 shares during the period. GraniteShares Advisors LLC’s holdings in NXP Semiconductors were worth $745,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its stake in shares of NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after buying an additional 139,641 shares during the period. Geode Capital Management LLC lifted its stake in shares of NXP Semiconductors by 1.1% in the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after buying an additional 57,762 shares during the period. Franklin Resources Inc. lifted its stake in shares of NXP Semiconductors by 2.1% in the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after buying an additional 93,129 shares during the period. Van ECK Associates Corp lifted its stake in shares of NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after buying an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of NXP Semiconductors by 0.7% in the third quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock valued at $655,453,000 after buying an additional 20,145 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $228.56 on Wednesday. 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 firm has a market cap of $58.09 billion, a P/E ratio of 23.49, a P/E/G ratio of 3.01 and a beta of 1.46. The firm has a 50 day simple moving average of $215.35 and a 200 day simple moving average of $227.74. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08.

Analyst Ratings Changes

NXPI has been the subject of several research reports. Morgan Stanley upgraded shares of 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. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Needham & Company LLC dropped their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Susquehanna dropped their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and a consensus 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.