Bessemer Group Inc. lifted its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,272 shares of the semiconductor provider’s stock after acquiring an additional 645 shares during the period. Bessemer Group Inc.’s holdings in NXP Semiconductors were worth $798,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. OLD Second National Bank of Aurora grew its position in NXP Semiconductors by 265.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 212 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 154 shares during the period. Lenox Wealth Management Inc. grew its position in NXP Semiconductors by 70.0% in the 4th quarter. Lenox Wealth Management Inc. now owns 221 shares of the semiconductor provider’s stock worth $28,000 after purchasing an additional 91 shares during the period. Savior LLC bought a new stake in NXP Semiconductors in the 4th quarter worth approximately $29,000. Sugarloaf Wealth Management LLC bought a new stake in NXP Semiconductors in the 4th quarter worth approximately $32,000. Finally, Evoke Wealth LLC bought a new stake in NXP Semiconductors in the 3rd quarter worth approximately $35,000. 89.71% of the stock is owned by institutional investors.
NXPI opened at $137.08 on Monday. NXP Semiconductors NV has a fifty-two week low of $85.38 and a fifty-two week high of $139.59. The firm’s fifty day moving average is $131.27 and its 200 day moving average is $115.60.
NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, February 3rd. The semiconductor provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.28. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the firm posted $2.13 EPS. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts expect that NXP Semiconductors NV will post 7.04 earnings per share for the current year.
In related news, EVP Stephen Owen sold 8,294 shares of NXP Semiconductors stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $122.00, for a total transaction of $1,011,868.00. Following the transaction, the executive vice president now owns 1,883 shares in the company, valued at approximately $229,726. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have commented on NXPI. Jefferies Financial Group lifted their target price on shares of NXP Semiconductors from $119.00 to $127.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Loop Capital boosted their price objective on shares of NXP Semiconductors to and gave the company a “buy” rating in a research report on Wednesday, February 5th. S&P Equity Research boosted their price objective on shares of NXP Semiconductors from $145.00 to $155.00 in a research report on Friday, January 10th. They noted that the move was a valuation call. Susquehanna Bancshares reissued a “hold” rating and set a $125.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Finally, BidaskClub raised shares of NXP Semiconductors from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. NXP Semiconductors presently has a consensus rating of “Buy” and a consensus target price of $136.71.
About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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