Commerzbank Aktiengesellschaft FI Boosts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Commerzbank Aktiengesellschaft FI grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 18.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,759 shares of the semiconductor provider’s stock after acquiring an additional 279 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in NXP Semiconductors were worth $365,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NXPI. Farther Finance Advisors LLC lifted its position in shares of NXP Semiconductors by 11.0% during the third quarter. Farther Finance Advisors LLC now owns 1,148 shares of the semiconductor provider’s stock worth $276,000 after acquiring an additional 114 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of NXP Semiconductors by 1.0% in the third quarter. Asset Management One Co. Ltd. now owns 95,949 shares of the semiconductor provider’s stock worth $23,029,000 after buying an additional 912 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of NXP Semiconductors by 9.1% in the third quarter. QRG Capital Management Inc. now owns 2,635 shares of the semiconductor provider’s stock worth $632,000 after buying an additional 220 shares in the last quarter. Long Run Wealth Advisors LLC raised its position in shares of NXP Semiconductors by 13.6% in the third quarter. Long Run Wealth Advisors LLC now owns 15,161 shares of the semiconductor provider’s stock worth $3,639,000 after buying an additional 1,812 shares in the last quarter. Finally, Foster & Motley Inc. purchased a new stake in shares of NXP Semiconductors in the third quarter worth $239,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 2.7 %

Shares of NASDAQ:NXPI opened at $216.77 on Thursday. The stock’s 50-day moving average price is $216.02 and its 200-day moving average price is $226.61. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The stock has a market capitalization of $54.98 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. TD Cowen lowered their price objective on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Susquehanna lowered their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Barclays lowered their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Loop Capital initiated coverage on NXP Semiconductors in a research note on Monday, November 11th. They issued a “buy” rating and a $300.00 target price on the stock. Finally, Wells Fargo & Company initiated coverage on NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 target price on the stock. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors has a consensus 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.