New York Life Investment Management LLC Boosts Position in NXP Semiconductors (NASDAQ:NXPI)

New York Life Investment Management LLC increased its holdings in NXP Semiconductors (NASDAQ:NXPI) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,773 shares of the semiconductor provider’s stock after acquiring an additional 821 shares during the quarter. New York Life Investment Management LLC’s holdings in NXP Semiconductors were worth $8,267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in NXPI. Gibraltar Capital Management Inc. lifted its position in shares of NXP Semiconductors by 1.2% in 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 during the period. Lake Street Advisors Group LLC lifted its holdings 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 worth $287,000 after buying an additional 295 shares during the period. Bank of New York Mellon Corp boosted 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 valued at $306,430,000 after acquiring an additional 85,733 shares in the last quarter. CWS Financial Advisors LLC grew its holdings in shares of NXP Semiconductors by 13.7% during the 4th quarter. CWS Financial Advisors LLC now owns 1,402 shares of the semiconductor provider’s stock worth $291,000 after acquiring an additional 169 shares during the period. Finally, Pine Valley Investments Ltd Liability Co raised its position in shares of NXP Semiconductors by 7.5% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 4,300 shares of the semiconductor provider’s stock worth $894,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NXPI shares. Barclays dropped their price target on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. UBS Group dropped their target price on shares of NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Mizuho increased their price target on shares of NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. 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.com, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $216.87 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The stock has a market capitalization of $55.00 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 3.01 and a beta of 1.46. The business’s fifty day moving average price is $215.92 and its 200-day moving average price is $227.67.

NXP Semiconductors Company 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.