MONECO Advisors LLC Grows Position in NXP Semiconductors (NASDAQ:NXPI)

MONECO Advisors LLC grew its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 35.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,503 shares of the semiconductor provider’s stock after purchasing an additional 393 shares during the quarter. MONECO Advisors LLC’s holdings in NXP Semiconductors were worth $312,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Crumly & Associates Inc. grew its stake in NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after buying an additional 45 shares in the last quarter. Ascent Group LLC lifted its position in shares of NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after acquiring an additional 46 shares in the last quarter. Central Bank & Trust Co. boosted its holdings in shares of NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after acquiring an additional 48 shares during the period. Phillips Wealth Planners LLC grew its position in shares of NXP Semiconductors by 4.7% in the third quarter. Phillips Wealth Planners LLC now owns 1,190 shares of the semiconductor provider’s stock valued at $277,000 after purchasing an additional 53 shares in the last quarter. Finally, Trustmark National Bank Trust Department raised its stake in shares of NXP Semiconductors by 6.8% during the 3rd quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider’s stock valued at $221,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 1.4 %

Shares of NXPI opened at $233.15 on Tuesday. 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 cap of $59.26 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 3.01 and a beta of 1.46. The firm has a 50 day moving average price of $215.16 and a 200-day moving average price of $227.83. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NXPI shares. Evercore ISI reduced their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Loop Capital began coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price target for the company. Finally, Stifel Nicolaus decreased their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target 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.