Checchi Capital Advisers LLC Sells 277 Shares of NXP Semiconductors (NASDAQ:NXPI)

Checchi Capital Advisers LLC lessened its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,461 shares of the semiconductor provider’s stock after selling 277 shares during the quarter. Checchi Capital Advisers LLC’s holdings in NXP Semiconductors were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Arkadios Wealth Advisors acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth about $203,000. Wealth Enhancement Advisory Services LLC increased its position in shares of NXP Semiconductors by 7.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 34,385 shares of the semiconductor provider’s stock worth $8,253,000 after purchasing an additional 2,435 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth about $224,000. Nisa Investment Advisors LLC increased its position in shares of NXP Semiconductors by 444.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 56,410 shares of the semiconductor provider’s stock worth $13,551,000 after purchasing an additional 46,049 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its position in shares of NXP Semiconductors by 110.2% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 3,231 shares of the semiconductor provider’s stock worth $778,000 after purchasing an additional 1,694 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NXPI shares. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $229.38 on Thursday. The company has a market capitalization of $58.30 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 3.01 and a beta of 1.46. The firm’s 50 day simple moving average is $215.73 and its 200 day simple moving average is $227.75. 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 fifty-two week low of $198.21 and a fifty-two week high of $296.08.

NXP Semiconductors Company 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.