Peregrine Asset Advisers Inc. Decreases Position in NXP Semiconductors (NASDAQ:NXPI)

Peregrine Asset Advisers Inc. decreased its stake in NXP Semiconductors (NASDAQ:NXPI) by 36.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,485 shares of the semiconductor provider’s stock after selling 1,455 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in NXP Semiconductors were worth $517,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NXPI. GDS Wealth Management boosted its stake in NXP Semiconductors by 7.7% during the third quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock worth $13,378,000 after buying an additional 3,985 shares during the period. HITE Hedge Asset Management LLC purchased a new position in shares of NXP Semiconductors during the 3rd quarter worth about $13,445,000. Merit Financial Group LLC bought a new position in NXP Semiconductors during the 4th quarter valued at about $360,000. Strategic Financial Concepts LLC purchased a new stake in NXP Semiconductors in the 4th quarter worth about $46,000. Finally, Banque Cantonale Vaudoise lifted its stake in NXP Semiconductors by 60.2% in the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after purchasing an additional 9,710 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 3.8 %

Shares of NASDAQ:NXPI opened at $236.52 on Friday. The company has a market capitalization of $60.11 billion, a PE ratio of 24.31, a P/E/G ratio of 3.01 and a beta of 1.46. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The business’s fifty day simple moving average is $214.86 and its 200-day simple moving average is $227.99.

Analysts Set New Price Targets

NXPI has been the topic of a number of analyst reports. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the company from $210.00 to $290.00 in a research note on Thursday. Stifel Nicolaus cut their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer decreased their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Loop Capital started coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 price target on the stock. Finally, Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

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.