Freestone Capital Holdings LLC Acquires 294 Shares of NXP Semiconductors (NASDAQ:NXPI)

Freestone Capital Holdings LLC boosted its holdings in NXP Semiconductors (NASDAQ:NXPIGet Rating) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,376 shares of the semiconductor provider’s stock after acquiring an additional 294 shares during the quarter. Freestone Capital Holdings LLC’s holdings in NXP Semiconductors were worth $1,452,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. raised its position in NXP Semiconductors by 1.6% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,986 shares of the semiconductor provider’s stock valued at $585,000 after purchasing an additional 46 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of NXP Semiconductors by 2.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,530 shares of the semiconductor provider’s stock valued at $576,000 after buying an additional 49 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in NXP Semiconductors by 2.8% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,807 shares of the semiconductor provider’s stock worth $412,000 after buying an additional 50 shares during the last quarter. Allred Capital Management LLC boosted its stake in NXP Semiconductors by 2.3% in the fourth quarter. Allred Capital Management LLC now owns 2,275 shares of the semiconductor provider’s stock worth $518,000 after buying an additional 52 shares in the last quarter. Finally, Andesa Financial Management Inc. grew its position in NXP Semiconductors by 4.3% during the fourth quarter. Andesa Financial Management Inc. now owns 1,295 shares of the semiconductor provider’s stock valued at $295,000 after acquiring an additional 53 shares during the last quarter. 89.03% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on NXPI. Morgan Stanley upped their price objective on shares of NXP Semiconductors from $256.00 to $262.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 2nd. Truist Financial cut their price target on shares of NXP Semiconductors from $265.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, April 8th. UBS Group decreased their price objective on NXP Semiconductors from $170.00 to $160.00 in a report on Wednesday, May 4th. Citigroup cut NXP Semiconductors from a “buy” rating to a “neutral” rating and dropped their target price for the company from $240.00 to $190.00 in a report on Tuesday, April 19th. Finally, Needham & Company LLC lifted their price target on NXP Semiconductors from $300.00 to $320.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, February 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $226.30.

NXPI stock opened at $195.93 on Friday. NXP Semiconductors has a fifty-two week low of $164.75 and a fifty-two week high of $239.91. The company has a market capitalization of $51.45 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 0.72 and a beta of 1.36. The business’s 50 day moving average price is $178.69 and its two-hundred day moving average price is $198.14. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.39 and a current ratio of 1.85.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last released its quarterly earnings results on Monday, May 2nd. The semiconductor provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.26. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.10 billion. NXP Semiconductors had a return on equity of 40.21% and a net margin of 18.70%. Sell-side analysts forecast that NXP Semiconductors will post 12.35 earnings per share for the current year.

NXP Semiconductors Profile (Get Rating)

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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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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