Ieq Capital LLC Lowers Stake in NXP Semiconductors (NASDAQ:NXPI)

Ieq Capital LLC lowered its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 59.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,517 shares of the semiconductor provider’s stock after selling 5,235 shares during the quarter. Ieq Capital LLC’s holdings in NXP Semiconductors were worth $731,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NXPI. Global Retirement Partners LLC raised its stake in NXP Semiconductors by 5.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,191 shares of the semiconductor provider’s stock valued at $455,000 after purchasing an additional 108 shares in the last quarter. Kestra Investment Management LLC grew its holdings in NXP Semiconductors by 7.2% during the 4th quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider’s stock worth $188,000 after acquiring an additional 61 shares in the last quarter. CIBC Asset Management Inc grew its holdings in 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 in the last quarter. Strategic Financial Concepts LLC bought a new position in NXP Semiconductors during the 4th quarter worth about $46,000. Finally, Allworth Financial LP lifted its position in shares of NXP Semiconductors by 150.8% during the fourth quarter. Allworth Financial LP now owns 3,566 shares of the semiconductor provider’s stock valued at $771,000 after buying an additional 2,144 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

NXP Semiconductors stock opened at $228.56 on Wednesday. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The firm has a market capitalization of $58.09 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 3.01 and a beta of 1.46. The company has a fifty day simple moving average of $215.35 and a 200-day simple moving average of $227.74. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Evercore ISI decreased their price target 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. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price target for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. TD Cowen decreased their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Truist Financial increased their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Oppenheimer decreased their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Four research 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, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average 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.