Kentucky Retirement Systems Sells 241 Shares of NXP Semiconductors (NASDAQ:NXPI)

Kentucky Retirement Systems decreased its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,505 shares of the semiconductor provider’s stock after selling 241 shares during the period. Kentucky Retirement Systems’ holdings in NXP Semiconductors were worth $3,638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Crumly & Associates Inc. grew its stake in shares of NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after acquiring an additional 45 shares in the last quarter. Ascent Group LLC grew its position in shares of NXP Semiconductors by 0.4% during the 3rd quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after purchasing an additional 46 shares in the last quarter. Central Bank & Trust Co. increased its holdings in shares of NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock worth $917,000 after purchasing an additional 48 shares during the period. Phillips Wealth Planners LLC raised its position in shares of NXP Semiconductors by 4.7% in the third quarter. Phillips Wealth Planners LLC now owns 1,190 shares of the semiconductor provider’s stock valued at $277,000 after buying an additional 53 shares in the last quarter. Finally, Trustmark National Bank Trust Department boosted its stake in shares of NXP Semiconductors by 6.8% in the third quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider’s stock valued at $221,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Mizuho upped their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Needham & Company LLC decreased their target price 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. TD Cowen cut their price target on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Stifel Nicolaus decreased their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Price Performance

NXPI stock opened at $236.52 on Friday. The company has a market capitalization of $60.11 billion, a P/E ratio of 24.31, a PEG ratio of 3.01 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a fifty day moving average price of $214.86 and a 200-day moving average price of $227.99.

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.