Westfield Capital Management Co. LP bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 89,996 shares of the semiconductor provider’s stock, valued at approximately $20,495,000.
Other large investors also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of NXP Semiconductors by 20.6% during the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after purchasing an additional 218 shares during the period. NewEdge Advisors LLC boosted its holdings in NXP Semiconductors by 3.4% during the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock worth $1,334,000 after buying an additional 234 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth about $221,000. Wealthfront Advisers LLC grew its position in shares of NXP Semiconductors by 39.1% during the 2nd quarter. Wealthfront Advisers LLC now owns 4,819 shares of the semiconductor provider’s stock worth $1,053,000 after buying an additional 1,355 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of NXP Semiconductors by 8.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 331,487 shares of the semiconductor provider’s stock valued at $72,427,000 after acquiring an additional 24,961 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.
NXP Semiconductors Trading Down 1.2%
NXPI opened at $232.23 on Friday. The stock has a market capitalization of $58.68 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.05 and a beta of 1.47. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. NXP Semiconductors N.V. has a 12 month low of $148.09 and a 12 month high of $256.36. The firm’s fifty day simple moving average is $232.30 and its 200 day simple moving average is $223.27.
Analysts Set New Price Targets
Several research analysts recently weighed in on NXPI shares. Wells Fargo & Company lifted their price objective on shares of NXP Semiconductors from $260.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Bank of America cut their target price on shares of NXP Semiconductors from $265.00 to $245.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Morgan Stanley reissued an “overweight” rating on shares of NXP Semiconductors in a report on Friday, January 16th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NXP Semiconductors in a research note on Tuesday, February 3rd. Finally, Barclays reiterated an “overweight” rating and set a $255.00 target price on shares of NXP Semiconductors in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $253.67.
View Our Latest Stock Report on NXP Semiconductors
Insider Buying and Selling at NXP Semiconductors
In other news, EVP Christopher L. Jensen sold 2,300 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $228.17, for a total value of $524,791.00. Following the sale, the executive vice president owned 9,965 shares of the company’s stock, valued at $2,273,714.05. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Julie Southern bought 225 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, December 3rd. The shares were acquired at an average price of $225.48 per share, with a total value of $50,733.00. Following the acquisition, the insider directly owned 11,937 shares of the company’s stock, valued at $2,691,554.76. The trade was a 1.92% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.12% of the company’s stock.
NXP Semiconductors Company Profile
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
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