NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Bank OZK

Bank OZK grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,525 shares of the semiconductor provider’s stock after purchasing an additional 414 shares during the quarter. Bank OZK’s holdings in NXP Semiconductors were worth $1,980,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NXPI. GDS Wealth Management boosted its position in NXP Semiconductors by 7.7% in the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after purchasing an additional 3,985 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in NXP Semiconductors in the 3rd quarter valued at $13,445,000. Merit Financial Group LLC acquired a new position in NXP Semiconductors in the 4th quarter valued at $360,000. Strategic Financial Concepts LLC acquired a new position in NXP Semiconductors in the 4th quarter valued at $46,000. Finally, Banque Cantonale Vaudoise increased its stake in shares of NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after acquiring an additional 9,710 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Stock Down 0.6 %

NXP Semiconductors stock opened at $215.59 on Friday. 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 has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a market cap of $54.68 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. The stock’s 50 day moving average price is $216.03 and its 200 day moving average price is $227.50.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NXPI. TD Cowen cut their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Loop Capital assumed coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 target price for the company. Wells Fargo & Company initiated coverage on NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective for the company. Susquehanna cut their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.