Oppenheimer Asset Management Inc. Sells 2,438 Shares of NXP Semiconductors (NASDAQ:NXPI)

Oppenheimer Asset Management Inc. lessened its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,529 shares of the semiconductor provider’s stock after selling 2,438 shares during the period. Oppenheimer Asset Management Inc.’s holdings in NXP Semiconductors were worth $5,514,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. increased its position in NXP Semiconductors by 1.9% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 101,300 shares of the semiconductor provider’s stock worth $21,055,000 after purchasing an additional 1,900 shares in the last quarter. New York Life Investment Management LLC increased its position in 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 purchasing an additional 821 shares in the last quarter. Gibraltar Capital Management Inc. increased its position in NXP Semiconductors by 1.2% during the 4th quarter. Gibraltar Capital Management Inc. now owns 40,413 shares of the semiconductor provider’s stock worth $8,400,000 after purchasing an additional 483 shares in the last quarter. Lake Street Advisors Group LLC increased its position in NXP Semiconductors by 27.4% during the 4th quarter. Lake Street Advisors Group LLC now owns 1,373 shares of the semiconductor provider’s stock worth $287,000 after purchasing an additional 295 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in NXP Semiconductors by 6.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,474,283 shares of the semiconductor provider’s stock worth $306,430,000 after purchasing an additional 85,733 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Stifel Nicolaus lowered their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. TD Cowen lowered their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their price target for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Finally, Mizuho upped their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.

NXP Semiconductors Stock Down 0.6 %

Shares of NASDAQ NXPI opened at $215.59 on Friday. The firm has a market cap of $54.68 billion, a PE ratio of 22.16, a P/E/G ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08. The company’s fifty day simple moving average is $216.03 and its 200 day simple moving average is $227.50. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

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.