NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,300 shares of the semiconductor provider’s stock after acquiring an additional 1,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in NXP Semiconductors were worth $21,055,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NXPI. GDS Wealth Management boosted its holdings in NXP Semiconductors by 7.7% in the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after purchasing an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new stake in NXP Semiconductors during the third quarter worth about $13,445,000. Merit Financial Group LLC acquired a new stake in NXP Semiconductors during the fourth quarter worth about $360,000. Strategic Financial Concepts LLC purchased a new position in NXP Semiconductors during the fourth quarter valued at approximately $46,000. Finally, Banque Cantonale Vaudoise lifted its holdings in NXP Semiconductors by 60.2% in the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after acquiring an additional 9,710 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Down 5.5 %

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Truist Financial raised their price objective on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Loop Capital initiated coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They issued a “buy” rating and a $300.00 price objective for the company. Evercore ISI dropped their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $210.00 to $290.00 in a research note on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.