AlphaCore Capital LLC bought a new position in NXP Semiconductors (NASDAQ:NXPI – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,085 shares of the semiconductor provider’s stock, valued at approximately $223,000.
A number of other institutional investors have also bought and sold shares of the business. Mizuho Securities Co. Ltd. bought a new position in shares of NXP Semiconductors in the second quarter worth about $29,000. Marquette Asset Management LLC bought a new position in NXP Semiconductors in the 2nd quarter worth approximately $29,000. Live Oak Investment Partners purchased a new stake in NXP Semiconductors during the 4th quarter valued at approximately $26,000. Fortis Capital Advisors LLC bought a new stake in shares of NXP Semiconductors during the fourth quarter valued at approximately $27,000. Finally, Smithfield Trust Co purchased a new position in shares of NXP Semiconductors in the first quarter worth $42,000. Hedge funds and other institutional investors own 90.21% of the company’s stock.
NXP Semiconductors Stock Up 5.4 %
Shares of NASDAQ NXPI opened at $194.89 on Wednesday. NXP Semiconductors has a 1 year low of $150.90 and a 1 year high of $225.57. The firm has a 50-day simple moving average of $192.38 and a two-hundred day simple moving average of $194.59. The company has a market cap of $50.23 billion, a P/E ratio of 18.06, a PEG ratio of 0.89 and a beta of 1.56. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.92 and a quick ratio of 1.38.
NXP Semiconductors Announces Dividend
Analyst Upgrades and Downgrades
NXPI has been the subject of a number of research reports. StockNews.com began coverage on shares of NXP Semiconductors in a research report on Thursday, October 5th. They set a “buy” rating for the company. Sanford C. Bernstein raised their price objective on NXP Semiconductors from $175.00 to $210.00 in a research report on Wednesday, July 26th. Truist Financial decreased their target price on NXP Semiconductors from $251.00 to $242.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Morgan Stanley cut their price target on NXP Semiconductors from $215.00 to $214.00 and set an “equal weight” rating for the company in a report on Wednesday, November 8th. Finally, Argus upped their price objective on NXP Semiconductors from $230.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $223.88.
Insider Activity at NXP Semiconductors
In other NXP Semiconductors news, EVP Jennifer Wuamett sold 11,394 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $199.80, for a total value of $2,276,521.20. Following the sale, the executive vice president now owns 27,569 shares in the company, valued at $5,508,286.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.
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.
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