New York Life Investment Management LLC Increases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

New York Life Investment Management LLC boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,773 shares of the semiconductor provider’s stock after acquiring an additional 821 shares during the period. New York Life Investment Management LLC’s holdings in NXP Semiconductors were worth $8,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NXP Semiconductors by 387.4% during the 3rd 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 boosted its stake in 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 period. Healthcare of Ontario Pension Plan Trust Fund grew its position in 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 worth $225,591,000 after buying an additional 724,951 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in 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 worth $115,396,000 after acquiring an additional 511,553 shares during the last quarter. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at about $84,901,000. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Mizuho boosted their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. decreased their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Oppenheimer dropped their price objective on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, UBS Group reduced their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Four 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Down 5.5 %

Shares of NXP Semiconductors stock opened at $216.87 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company’s 50 day moving average price is $215.92 and its 200-day moving average price is $227.67. The stock has a market capitalization of $55.00 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 3.01 and a beta of 1.46.

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.