Amova Asset Management Americas Inc. reduced its position in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 9.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 28,105 shares of the semiconductor provider’s stock after selling 2,927 shares during the period. Amova Asset Management Americas Inc.’s holdings in NXP Semiconductors were worth $6,400,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. CNB Bank bought a new position in shares of NXP Semiconductors during the third quarter valued at approximately $28,000. Delos Wealth Advisors LLC purchased a new position in shares of NXP Semiconductors in the 2nd quarter valued at $35,000. Cornerstone Planning Group LLC raised its position in shares of NXP Semiconductors by 1,092.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after acquiring an additional 153 shares in the last quarter. North Capital Inc. lifted its stake in shares of NXP Semiconductors by 119.8% during the 3rd quarter. North Capital Inc. now owns 189 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 103 shares during the last quarter. Finally, True Wealth Design LLC grew its stake in NXP Semiconductors by 375.6% in the second quarter. True Wealth Design LLC now owns 195 shares of the semiconductor provider’s stock valued at $43,000 after purchasing an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.
NXP Semiconductors Price Performance
NASDAQ:NXPI opened at $216.37 on Thursday. The firm’s fifty day moving average is $231.84 and its two-hundred day moving average is $223.20. The firm has a market cap of $54.67 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 0.97 and a beta of 1.45. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $256.36. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating on shares of NXP Semiconductors in a research report on Friday, January 16th. Wells Fargo & Company raised their target price on shares of NXP Semiconductors from $260.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Barclays reaffirmed an “overweight” rating and set a $255.00 price target on shares of NXP Semiconductors in a research report on Thursday, January 15th. Needham & Company LLC restated a “buy” rating and set a $250.00 target price on shares of NXP Semiconductors in a research note on Tuesday, February 3rd. Finally, Truist Financial decreased their price target on NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $253.67.
View Our Latest Stock Analysis on NXP Semiconductors
Insider Buying and Selling at NXP Semiconductors
In related news, EVP Jennifer Wuamett sold 12,425 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $220.94, for a total value of $2,745,179.50. Following the completion of the transaction, the executive vice president directly owned 11,811 shares in the company, valued at $2,609,522.34. The trade was a 51.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by company insiders.
NXP Semiconductors 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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