Steward Partners Investment Advisory LLC Has $11.60 Million Stake in NXP Semiconductors (NASDAQ:NXPI)

Steward Partners Investment Advisory LLC lifted its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 55,797 shares of the semiconductor provider’s stock after purchasing an additional 1,503 shares during the period. Steward Partners Investment Advisory LLC’s holdings in NXP Semiconductors were worth $11,597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in NXP Semiconductors by 30.0% in the 4th quarter. Jones Financial Companies Lllp now owns 13,123 shares of the semiconductor provider’s stock valued at $2,728,000 after acquiring an additional 3,025 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of NXP Semiconductors by 2,997.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,301 shares of the semiconductor provider’s stock worth $270,000 after purchasing an additional 1,259 shares during the period. Smartleaf Asset Management LLC raised its stake in NXP Semiconductors by 20.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 529 shares of the semiconductor provider’s stock valued at $110,000 after purchasing an additional 90 shares in the last quarter. Metis Global Partners LLC lifted its position in NXP Semiconductors by 5.3% during the fourth quarter. Metis Global Partners LLC now owns 12,853 shares of the semiconductor provider’s stock worth $2,671,000 after purchasing an additional 647 shares during the period. Finally, Bank OZK grew its stake in NXP Semiconductors by 4.5% during the fourth quarter. Bank OZK now owns 9,525 shares of the semiconductor provider’s stock worth $1,980,000 after buying an additional 414 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NXPI. Mizuho boosted their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Needham & Company LLC cut their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. Barclays dropped their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Down 2.5 %

Shares of NXPI opened at $211.16 on Wednesday. The stock’s 50-day moving average price is $215.99 and its two-hundred day moving average price is $226.68. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The company has a market capitalization of $53.55 billion, a PE ratio of 21.70, a PEG ratio of 3.01 and a beta of 1.46. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

About NXP Semiconductors

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.