Jones Financial Companies Lllp Boosts Stake in NXP Semiconductors (NASDAQ:NXPI)

Jones Financial Companies Lllp boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 30.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,123 shares of the semiconductor provider’s stock after purchasing an additional 3,025 shares during the period. Jones Financial Companies Lllp’s holdings in NXP Semiconductors were worth $2,728,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of NXP Semiconductors by 387.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock valued at $550,665,000 after buying an additional 1,823,650 shares in the last quarter. Van ECK Associates Corp raised its stake in NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after acquiring an additional 824,317 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in NXP Semiconductors by 337.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock valued at $225,591,000 after purchasing an additional 724,951 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after purchasing an additional 511,553 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of NXP Semiconductors in the third quarter worth $48,002,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 2.7 %

Shares of NXPI opened at $216.77 on Thursday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average of $216.02 and a 200 day moving average of $226.61. The company has a market cap of $54.98 billion, a PE ratio of 22.28, a P/E/G ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Loop Capital assumed coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. Stifel Nicolaus lowered their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company began coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price for the company. Oppenheimer decreased their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, Truist Financial upped their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.