Handelsbanken Fonder AB Boosts Stake in NXP Semiconductors (NASDAQ:NXPI)

Handelsbanken Fonder AB lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,103 shares of the semiconductor provider’s stock after buying an additional 3,826 shares during the period. Handelsbanken Fonder AB owned approximately 0.05% of NXP Semiconductors worth $26,418,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp lifted its stake in NXP Semiconductors by 1.3% during the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after acquiring an additional 139,641 shares during the period. Geode Capital Management LLC raised its holdings in shares of NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after purchasing an additional 57,762 shares during the last quarter. Franklin Resources Inc. lifted its position in NXP Semiconductors by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after purchasing an additional 93,129 shares during the period. Van ECK Associates Corp boosted its holdings in NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after purchasing an additional 824,317 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after purchasing an additional 20,145 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 0.1 %

Shares of NXPI stock opened at $245.86 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The stock has a fifty day simple moving average of $214.47 and a two-hundred day simple moving average of $227.98. The firm has a market capitalization of $62.49 billion, a PE ratio of 25.27, a PEG ratio of 2.80 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

Several equities analysts have recently weighed in on NXPI shares. Loop Capital assumed coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 price target on the stock. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and lowered their target price for the company from $260.00 to $257.00 in a report on Friday, January 10th. Mizuho boosted their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price target on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, Evercore ISI dropped their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.