Sentry Investment Management LLC Cuts Holdings in NXP Semiconductors (NASDAQ:NXPI)

Sentry Investment Management LLC reduced its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,058 shares of the semiconductor provider’s stock after selling 57 shares during the quarter. Sentry Investment Management LLC’s holdings in NXP Semiconductors were worth $220,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC boosted its position in 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 purchasing an additional 119 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of NXP Semiconductors during the 3rd quarter worth approximately $33,000. Sound Income Strategies LLC raised its stake in shares of NXP Semiconductors by 169.2% during the 4th 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. Brooklyn Investment Group lifted its position in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC grew its stake in NXP Semiconductors by 52.4% in the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after acquiring an additional 75 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Trading Down 2.0 %

Shares of NXPI opened at $228.56 on Wednesday. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The firm has a market capitalization of $58.09 billion, a P/E ratio of 23.49, a P/E/G ratio of 3.01 and a beta of 1.46. The firm has a 50-day moving average price of $215.35 and a 200 day moving average price of $227.74. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09.

Wall Street Analyst Weigh In

Several research firms have issued reports on NXPI. 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 report on Thursday, February 20th. Needham & Company LLC decreased their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Susquehanna lowered their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. TD Cowen reduced their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.