QRG Capital Management Inc. Buys 312 Shares of NXP Semiconductors (NASDAQ:NXPI)

QRG Capital Management Inc. increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,947 shares of the semiconductor provider’s stock after buying an additional 312 shares during the period. QRG Capital Management Inc.’s holdings in NXP Semiconductors were worth $613,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NXPI. Proficio Capital Partners LLC purchased a new position in shares of NXP Semiconductors during the 4th quarter valued at $3,931,000. Oppenheimer & Co. Inc. lifted its holdings in NXP Semiconductors by 12.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,100 shares of the semiconductor provider’s stock valued at $1,268,000 after purchasing an additional 656 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in NXP Semiconductors by 1.9% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 101,300 shares of the semiconductor provider’s stock worth $21,055,000 after purchasing an additional 1,900 shares during the period. New York Life Investment Management LLC increased its stake in shares of NXP Semiconductors by 2.1% in the fourth quarter. New York Life Investment Management LLC now owns 39,773 shares of the semiconductor provider’s stock worth $8,267,000 after purchasing an additional 821 shares in the last quarter. Finally, Gibraltar Capital Management Inc. raised its position in shares of NXP Semiconductors by 1.2% in the fourth quarter. Gibraltar Capital Management Inc. now owns 40,413 shares of the semiconductor provider’s stock valued at $8,400,000 after purchasing an additional 483 shares during the period. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NXPI. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Oppenheimer cut their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Evercore ISI cut their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, Mizuho lifted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $211.16 on Wednesday. The company’s fifty day moving average price is $215.99 and its 200-day moving average price is $226.68. 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 firm has a market capitalization of $53.55 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08.

About NXP Semiconductors

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.