Proficio Capital Partners LLC Buys Shares of 18,914 NXP Semiconductors (NASDAQ:NXPI)

Proficio Capital Partners LLC bought a new stake in NXP Semiconductors (NASDAQ:NXPI) during the fourth quarter, Holdings Channel.com reports. The fund bought 18,914 shares of the semiconductor provider’s stock, valued at approximately $3,931,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXPI. GDS Wealth Management lifted its position in shares of NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after acquiring an additional 3,985 shares during the period. HITE Hedge Asset Management LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $13,445,000. Merit Financial Group LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $360,000. Strategic Financial Concepts LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter worth approximately $46,000. Finally, Banque Cantonale Vaudoise lifted its position in shares of NXP Semiconductors by 60.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after buying an additional 9,710 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 2.5 %

Shares of NXP Semiconductors stock opened at $211.16 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The business has a fifty day simple moving average of $215.99 and a 200 day simple moving average of $226.68. The stock has a market cap of $53.55 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. TD Cowen cut their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Stifel Nicolaus cut their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Mizuho raised their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company assumed coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target 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.