Tufton Capital Management Sells 460 Shares of NXP Semiconductors (NASDAQ:NXPI)

Tufton Capital Management decreased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,296 shares of the semiconductor provider’s stock after selling 460 shares during the quarter. Tufton Capital Management’s holdings in NXP Semiconductors were worth $7,128,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Motco grew its stake in NXP Semiconductors by 2.6% during the fourth quarter. Motco now owns 27,673 shares of the semiconductor provider’s stock valued at $5,752,000 after acquiring an additional 711 shares in the last quarter. Private Trust Co. NA grew its stake in NXP Semiconductors by 5.8% during the fourth quarter. Private Trust Co. NA now owns 968 shares of the semiconductor provider’s stock valued at $201,000 after acquiring an additional 53 shares in the last quarter. Argyle Capital Management LLC purchased a new position in NXP Semiconductors during the fourth quarter valued at $841,000. Parkside Financial Bank & Trust grew its stake in NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock valued at $119,000 after acquiring an additional 51 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in NXP Semiconductors by 11.8% during the fourth quarter. QRG Capital Management Inc. now owns 2,947 shares of the semiconductor provider’s stock valued at $613,000 after acquiring an additional 312 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays lowered their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Mizuho increased their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Stifel Nicolaus lowered their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Finally, TD Cowen lowered their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Trading Down 5.5 %

Shares of NXPI opened at $216.87 on Friday. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a 50-day moving average of $215.92 and a 200 day moving average of $227.67. The firm has a market capitalization of $55.00 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 3.01 and a beta of 1.46. 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 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.