Wealth Alliance Sells 686 Shares of NXP Semiconductors (NASDAQ:NXPI)

Wealth Alliance decreased its position in NXP Semiconductors (NASDAQ:NXPI) by 26.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,931 shares of the semiconductor provider’s stock after selling 686 shares during the quarter. Wealth Alliance’s holdings in NXP Semiconductors were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. GDS Wealth Management raised its position in shares of 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 period. HITE Hedge Asset Management LLC bought a new position in shares of NXP Semiconductors in the third quarter valued at approximately $13,445,000. Merit Financial Group LLC bought a new position in NXP Semiconductors during the fourth quarter worth $360,000. Strategic Financial Concepts LLC bought a new position in NXP Semiconductors during the fourth quarter worth $46,000. Finally, Banque Cantonale Vaudoise increased its position in NXP Semiconductors by 60.2% during the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after acquiring an additional 9,710 shares during the period. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NXPI shares. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Morgan Stanley upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Truist Financial lifted their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Oppenheimer decreased their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $236.52 on Friday. The stock 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. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $214.86 and a two-hundred day moving average price of $227.99.

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.