Traders Buy Shares of NXP Semiconductors (NXPI) on Weakness
Investors purchased shares of NXP Semiconductors NV (NASDAQ:NXPI) on weakness during trading on Friday. $63.92 million flowed into the stock on the tick-up and $39.89 million flowed out of the stock on the tick-down, for a money net flow of $24.03 million into the stock. Of all companies tracked, NXP Semiconductors had the 9th highest net in-flow for the day. NXP Semiconductors traded down ($0.02) for the day and closed at $123.68
A number of research analysts have issued reports on NXPI shares. Zacks Investment Research upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a report on Saturday, December 23rd. ValuEngine upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Jefferies Group restated a “hold” rating and issued a $120.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 13th. Mizuho restated a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors in a report on Thursday, February 8th. Finally, Sanford C. Bernstein set a $125.00 target price on shares of NXP Semiconductors and gave the company a “hold” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. NXP Semiconductors presently has a consensus rating of “Hold” and a consensus price target of $117.00.
The firm has a market cap of $42,502.01, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 0.95 and a beta of 0.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.22 and a quick ratio of 1.77.
Several hedge funds have recently made changes to their positions in the company. Colonial Trust Advisors lifted its holdings in shares of NXP Semiconductors by 58.8% during the 4th quarter. Colonial Trust Advisors now owns 23,150 shares of the semiconductor provider’s stock worth $2,711,000 after acquiring an additional 8,575 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in shares of NXP Semiconductors by 2.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 66,591 shares of the semiconductor provider’s stock worth $7,797,000 after acquiring an additional 1,594 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of NXP Semiconductors by 4.5% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 86,500 shares of the semiconductor provider’s stock worth $10,128,000 after acquiring an additional 3,700 shares during the period. We Are One Seven LLC purchased a new position in shares of NXP Semiconductors during the 4th quarter worth about $244,000. Finally, Yorkville Capital Management LLC raised its holdings in NXP Semiconductors by 46.0% in the fourth quarter. Yorkville Capital Management LLC now owns 43,557 shares of the semiconductor provider’s stock valued at $5,100,000 after buying an additional 13,726 shares during the period. Institutional investors and hedge funds own 82.04% of the company’s stock.
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About NXP Semiconductors
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.
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