Ieq Capital LLC Cuts Stock Position in NXP Semiconductors (NASDAQ:NXPI)

Ieq Capital LLC cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 59.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,517 shares of the semiconductor provider’s stock after selling 5,235 shares during the period. Ieq Capital LLC’s holdings in NXP Semiconductors were worth $731,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC increased its stake in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the period. Sound Income Strategies LLC increased its stake in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 88 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth approximately $33,000. Brooklyn Investment Group increased its stake in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 66 shares during the period. Finally, Fortitude Family Office LLC increased its stake in shares of NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after buying an additional 75 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $228.56 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The stock has a fifty day moving average price of $215.35 and a 200 day moving average price of $227.74. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a market cap of $58.09 billion, a PE ratio of 23.49, a P/E/G ratio of 3.01 and a beta of 1.46.

Analyst Ratings Changes

A number of research firms recently weighed in on NXPI. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Susquehanna dropped their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Oppenheimer dropped their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

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.