Transcend Capital Advisors LLC Trims Holdings in NXP Semiconductors (NASDAQ:NXPI)

Transcend Capital Advisors LLC cut its stake in NXP Semiconductors (NASDAQ:NXPI) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,828 shares of the semiconductor provider’s stock after selling 253 shares during the quarter. Transcend Capital Advisors LLC’s holdings in NXP Semiconductors were worth $380,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $210.00 to $290.00 in a research report on Thursday. UBS Group cut their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Finally, Evercore ISI cut their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Trading Down 3.8 %

NXPI opened at $236.52 on Monday. The business has a 50 day simple moving average of $214.86 and a two-hundred day simple moving average of $227.92. The firm has a market capitalization of $60.11 billion, a price-to-earnings ratio of 24.31, a PEG 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. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08.

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.