Drum Hill Capital LLC Makes New Investment in NXP Semiconductors (NASDAQ:NXPI)

Drum Hill Capital LLC acquired a new stake in NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, Holdings Channel reports. The firm acquired 9,205 shares of the semiconductor provider’s stock, valued at approximately $1,913,000. NXP Semiconductors comprises approximately 2.4% of Drum Hill Capital LLC’s portfolio, making the stock its 17th largest position.

Other hedge funds have also recently made changes to their positions in the company. Crumly & Associates Inc. grew its stake in NXP Semiconductors by 6.2% during the fourth quarter. Crumly & Associates Inc. now owns 2,415 shares of the semiconductor provider’s stock valued at $502,000 after acquiring an additional 141 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of NXP Semiconductors by 3.1% during the fourth quarter. Handelsbanken Fonder AB now owns 127,103 shares of the semiconductor provider’s stock valued at $26,418,000 after purchasing an additional 3,826 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of NXP Semiconductors by 5.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,191 shares of the semiconductor provider’s stock worth $455,000 after purchasing an additional 108 shares during the last quarter. Kestra Investment Management LLC lifted its position in shares of NXP Semiconductors by 7.2% in the fourth quarter. Kestra Investment Management LLC now owns 904 shares of the semiconductor provider’s stock worth $188,000 after buying an additional 61 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in NXP Semiconductors by 3.2% during the fourth quarter. CIBC Asset Management Inc now owns 74,287 shares of the semiconductor provider’s stock valued at $15,441,000 after buying an additional 2,276 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $210.00 to $290.00 in a research report on Thursday. 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. Needham & Company LLC reduced their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Oppenheimer decreased their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $236.52 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The stock’s fifty day moving average is $214.86 and its two-hundred day moving average is $227.99. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a market capitalization of $60.11 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46.

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.