Private Trust Co. NA Boosts Position in NXP Semiconductors (NASDAQ:NXPI)

Private Trust Co. NA boosted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 968 shares of the semiconductor provider’s stock after purchasing an additional 53 shares during the quarter. Private Trust Co. NA’s holdings in NXP Semiconductors were worth $201,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC lifted its position in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the last quarter. Sound Income Strategies LLC raised its stake in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the third quarter valued at $33,000. Brooklyn Investment Group boosted its stake in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in NXP Semiconductors by 52.4% in the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after acquiring an additional 75 shares in the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Stock Up 0.4 %

NXP Semiconductors stock opened at $216.53 on Tuesday. The stock’s 50 day moving average price is $216.08 and its 200 day moving average price is $226.99. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a market cap of $54.92 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 3.01 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.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NXPI shares. TD Cowen reduced their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. UBS Group reduced their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Barclays decreased their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price target for the stock 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 issued a buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently 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.