NXP Semiconductors (NASDAQ:NXPI) Stake Boosted by Tower Bridge Advisors

Tower Bridge Advisors lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 13.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,805 shares of the semiconductor provider’s stock after purchasing an additional 575 shares during the quarter. Tower Bridge Advisors’ holdings in NXP Semiconductors were worth $999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp increased its position in NXP Semiconductors by 1.3% in the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock worth $2,572,694,000 after buying an additional 139,641 shares during the period. Geode Capital Management LLC grew its position in shares of NXP Semiconductors by 1.1% during the third quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock worth $1,231,533,000 after acquiring an additional 57,762 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of NXP Semiconductors by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock worth $1,063,322,000 after acquiring an additional 93,129 shares during the period. Van ECK Associates Corp increased its holdings in shares of NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock worth $803,432,000 after acquiring an additional 824,317 shares during the period. Finally, Janus Henderson Group PLC lifted its position in NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock valued at $655,453,000 after purchasing an additional 20,145 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on NXPI shares. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Needham & Company LLC cut their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus lowered their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $215.59 on Friday. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The business’s fifty day moving average is $216.03 and its two-hundred day moving average is $227.50. The stock has a market capitalization of $54.68 billion, a P/E ratio of 22.16, a P/E/G 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 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.