ING Groep NV Sells 12,760 Shares of NXP Semiconductors (NASDAQ:NXPI)

ING Groep NV lessened its holdings in NXP Semiconductors (NASDAQ:NXPI) by 24.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,727 shares of the semiconductor provider’s stock after selling 12,760 shares during the quarter. ING Groep NV’s holdings in NXP Semiconductors were worth $8,049,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NXPI. Handelsbanken Fonder AB lifted its position 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 period. Global Retirement Partners LLC lifted its position 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 period. Kestra Investment Management LLC lifted its position 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 period. CIBC Asset Management Inc lifted its position 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 period. Finally, Strategic Financial Concepts LLC bought a new stake in NXP Semiconductors during the fourth quarter worth about $46,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $236.52 on Friday. The business has a 50 day moving average of $214.86 and a 200-day moving average of $227.99. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The company has a market capitalization of $60.11 billion, a P/E ratio of 24.31, a P/E/G ratio of 3.01 and a beta of 1.46.

Wall Street Analysts Forecast Growth

NXPI has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price objective for the company. TD Cowen cut their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Company 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.