E Fund Management Co. Ltd. Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

E Fund Management Co. Ltd. grew its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 36.0% during the fourth quarter, Holdings Channel reports. The firm owned 8,250 shares of the semiconductor provider’s stock after purchasing an additional 2,185 shares during the quarter. E Fund Management Co. Ltd.’s holdings in NXP Semiconductors were worth $1,715,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of NXPI. ORG Wealth Partners LLC increased its stake in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares during the period. Sound Income Strategies LLC increased its stake in NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the period. Smithfield Trust Co purchased a new stake in NXP Semiconductors during the fourth quarter worth about $32,000. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors during the third quarter worth about $33,000. Finally, Brooklyn Investment Group increased its stake in NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Truist Financial upped their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Stifel Nicolaus cut their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Loop Capital assumed coverage on shares of NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. StockNews.com lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, TD Cowen cut their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Price Performance

NXPI stock opened at $214.47 on Friday. The company has a market capitalization of $54.39 billion, a P/E ratio of 22.04, a PEG ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a twelve month low of $198.21 and a twelve month high of $296.08. The business has a 50 day simple moving average of $216.01 and a 200-day simple moving average of $226.53. 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 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.