First Bank & Trust Decreases Stake in NXP Semiconductors (NASDAQ:NXPI)

First Bank & Trust lessened its stake in NXP Semiconductors (NASDAQ:NXPI) by 9.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,068 shares of the semiconductor provider’s stock after selling 599 shares during the quarter. First Bank & Trust’s holdings in NXP Semiconductors were worth $1,261,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB lifted its stake in NXP Semiconductors by 3.1% during the fourth quarter. Handelsbanken Fonder AB now owns 127,103 shares of the semiconductor provider’s stock worth $26,418,000 after purchasing an additional 3,826 shares during the last quarter. Global Retirement Partners LLC lifted 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 worth $455,000 after purchasing an additional 108 shares during the last quarter. Kestra Investment Management LLC lifted its stake in NXP Semiconductors by 7.2% during the fourth quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider’s stock worth $188,000 after purchasing an additional 61 shares during the last quarter. CIBC Asset Management Inc lifted its stake in NXP Semiconductors by 3.2% during the fourth quarter. CIBC Asset Management Inc now owns 74,287 shares of the semiconductor provider’s stock worth $15,441,000 after purchasing an additional 2,276 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in NXP Semiconductors during the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Susquehanna decreased their target price 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. Oppenheimer reduced their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Barclays reduced their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Stifel Nicolaus reduced their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and a consensus price target of $264.75.

NXP Semiconductors Trading Up 7.3 %

Shares of NXPI stock opened at $245.58 on Thursday. The business’s fifty day moving average price is $213.90 and its 200 day moving average price is $227.86. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The firm has a market capitalization of $62.42 billion, a PE ratio of 25.24, 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.

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.