Kestra Investment Management LLC Purchases 61 Shares of NXP Semiconductors (NASDAQ:NXPI)

Kestra Investment Management LLC grew its position in NXP Semiconductors (NASDAQ:NXPI) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 904 shares of the semiconductor provider’s stock after acquiring an additional 61 shares during the quarter. Kestra Investment Management LLC’s holdings in NXP Semiconductors were worth $188,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in shares of NXP Semiconductors by 3.2% during the 4th quarter. CIBC Asset Management Inc now owns 74,287 shares of the semiconductor provider’s stock worth $15,441,000 after acquiring an additional 2,276 shares during the period. Strategic Financial Concepts LLC bought a new stake in NXP Semiconductors in the fourth quarter valued at $46,000. Allworth Financial LP grew its position in NXP Semiconductors by 150.8% in the fourth quarter. Allworth Financial LP now owns 3,566 shares of the semiconductor provider’s stock valued at $771,000 after acquiring an additional 2,144 shares during the period. Principal Securities Inc. raised its stake in NXP Semiconductors by 8.7% during the fourth quarter. Principal Securities Inc. now owns 4,179 shares of the semiconductor provider’s stock worth $869,000 after acquiring an additional 334 shares in the last quarter. Finally, Seascape Capital Management lifted its holdings in shares of NXP Semiconductors by 2.2% during the fourth quarter. Seascape Capital Management now owns 14,752 shares of the semiconductor provider’s stock valued at $3,066,000 after acquiring an additional 319 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 0.1 %

Shares of NASDAQ NXPI opened at $245.86 on Friday. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The firm has a market capitalization of $62.49 billion, a P/E ratio of 25.27, a P/E/G ratio of 2.80 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 company’s 50 day simple moving average is $214.47 and its 200 day simple moving average is $227.98.

Analysts Set New Price Targets

NXPI has been the subject of a number of recent analyst reports. Evercore ISI dropped their target price on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. UBS Group decreased their price target on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Susquehanna dropped their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, TD Cowen reduced their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.