Gulf International Bank UK Ltd Decreases Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Gulf International Bank UK Ltd lowered its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,503 shares of the semiconductor provider’s stock after selling 220 shares during the quarter. Gulf International Bank UK Ltd’s holdings in NXP Semiconductors were worth $4,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. Mn Services Vermogensbeheer B.V. lifted its position in shares of 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 valued at $21,055,000 after buying an additional 1,900 shares during the last quarter. New York Life Investment Management LLC raised its stake in shares of NXP Semiconductors by 2.1% during the 4th quarter. New York Life Investment Management LLC now owns 39,773 shares of the semiconductor provider’s stock worth $8,267,000 after acquiring an additional 821 shares in the last quarter. Gibraltar Capital Management Inc. lifted its position in NXP Semiconductors by 1.2% during the fourth quarter. Gibraltar Capital Management Inc. now owns 40,413 shares of the semiconductor provider’s stock valued at $8,400,000 after acquiring an additional 483 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in NXP Semiconductors by 27.4% in the fourth quarter. Lake Street Advisors Group LLC now owns 1,373 shares of the semiconductor provider’s stock valued at $287,000 after acquiring an additional 295 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in NXP Semiconductors by 6.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,474,283 shares of the semiconductor provider’s stock valued at $306,430,000 after acquiring an additional 85,733 shares in the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on NXPI. Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and increased their price objective for the company from $210.00 to $290.00 in a report on Thursday, February 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Stifel Nicolaus lowered their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Evercore ISI cut their price objective on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, UBS Group lowered their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $216.87 on Friday. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm has a market capitalization of $55.00 billion, a P/E ratio of 22.29, a PEG ratio of 3.01 and a beta of 1.46. The stock has a 50-day simple moving average of $215.92 and a two-hundred day simple moving average of $227.67.

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.