MONECO Advisors LLC Raises Holdings in NXP Semiconductors (NASDAQ:NXPI)

MONECO Advisors LLC boosted its stake in NXP Semiconductors (NASDAQ:NXPI) by 35.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,503 shares of the semiconductor provider’s stock after purchasing an additional 393 shares during the period. MONECO Advisors LLC’s holdings in NXP Semiconductors were worth $312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of NXP Semiconductors by 387.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after buying an additional 1,823,650 shares during the period. Van ECK Associates Corp grew its holdings in NXP Semiconductors by 67.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after acquiring an additional 1,222,736 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of NXP Semiconductors by 337.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock valued at $225,591,000 after acquiring an additional 724,951 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of NXP Semiconductors by 1,172.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after acquiring an additional 511,553 shares during the last quarter. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of NXP Semiconductors during the third quarter worth about $84,901,000. Institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

NXPI has been the topic of a number of research analyst reports. Evercore ISI reduced their price target on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Mizuho boosted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. TD Cowen reduced their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $233.15 on Tuesday. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $59.26 billion, a P/E ratio of 23.96, a PEG ratio of 3.01 and a beta of 1.46. The stock’s 50 day moving average is $215.16 and its 200 day moving average is $227.83.

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.