South Dakota Investment Council Has $1.12 Million Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

South Dakota Investment Council reduced its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 77.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,396 shares of the semiconductor provider’s stock after selling 18,185 shares during the period. South Dakota Investment Council’s holdings in NXP Semiconductors were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its position in shares of NXP Semiconductors by 40.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,318 shares of the semiconductor provider’s stock worth $556,000 after purchasing an additional 666 shares in the last quarter. CENTRAL TRUST Co lifted its stake in NXP Semiconductors by 20.0% in the 3rd quarter. CENTRAL TRUST Co now owns 432 shares of the semiconductor provider’s stock valued at $104,000 after purchasing an additional 72 shares during the last quarter. Dakota Wealth Management boosted its position in NXP Semiconductors by 21.8% in the third quarter. Dakota Wealth Management now owns 5,627 shares of the semiconductor provider’s stock valued at $1,351,000 after buying an additional 1,009 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of NXP Semiconductors by 6.0% during the third quarter. Ballentine Partners LLC now owns 1,282 shares of the semiconductor provider’s stock worth $308,000 after buying an additional 73 shares during the last quarter. Finally, Outlook Wealth Advisors LLC increased its holdings in shares of NXP Semiconductors by 7.4% during the third quarter. Outlook Wealth Advisors LLC now owns 1,475 shares of the semiconductor provider’s stock worth $354,000 after buying an additional 102 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

NXPI stock opened at $236.52 on Monday. 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 company’s 50-day moving average is $214.86 and its 200-day moving average is $227.92. The stock has a market capitalization of $60.11 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NXPI shares. Morgan Stanley upgraded NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $231.00 to $257.00 in a research report on Wednesday, February 12th. Susquehanna lowered their price objective on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company assumed coverage on shares of NXP Semiconductors in a research report on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price on the stock. Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors 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.