Sentry Investment Management LLC Cuts Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Sentry Investment Management LLC lessened its holdings in NXP Semiconductors (NASDAQ:NXPI) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,058 shares of the semiconductor provider’s stock after selling 57 shares during the period. Sentry Investment Management LLC’s holdings in NXP Semiconductors were worth $220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in NXP Semiconductors by 387.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock valued at $550,665,000 after purchasing an additional 1,823,650 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of NXP Semiconductors by 67.2% during the third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after buying an additional 1,222,736 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of NXP Semiconductors by 337.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock valued at $225,591,000 after buying an additional 724,951 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after buying an additional 511,553 shares in the last quarter. Finally, Ceredex Value Advisors LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $84,901,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $228.56 on Wednesday. The stock has a market cap of $58.09 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The business has a 50-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.

Analysts Set New Price Targets

NXPI has been the subject of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Susquehanna decreased their price target 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. Finally, TD Cowen lowered their price target on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors 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.