SVB Wealth LLC Invests $604,000 in NXP Semiconductors (NASDAQ:NXPI)

SVB Wealth LLC purchased a new stake in NXP Semiconductors (NASDAQ:NXPI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,908 shares of the semiconductor provider’s stock, valued at approximately $604,000.

Other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC boosted its stake in shares of NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 119 shares during the period. Sound Income Strategies LLC boosted its stake in shares of NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 88 shares during the period. FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $33,000. Brooklyn Investment Group grew its stake in 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 in the last quarter. Finally, Fortitude Family Office LLC grew its stake in 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 in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Barclays reduced their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Evercore ISI decreased their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Four investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $216.53 on Tuesday. The firm’s fifty day moving average is $216.08 and its 200-day moving average is $226.99. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The firm has a market cap of $54.92 billion, a PE ratio of 22.25, a price-to-earnings-growth 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.