First Horizon Advisors Inc. Decreases Position in NXP Semiconductors (NASDAQ:NXPI)

First Horizon Advisors Inc. lessened its holdings in NXP Semiconductors (NASDAQ:NXPI) by 46.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,856 shares of the semiconductor provider’s stock after selling 1,587 shares during the quarter. First Horizon Advisors Inc.’s holdings in NXP Semiconductors were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Crumly & Associates Inc. increased its position in shares of NXP Semiconductors by 2.0% in the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after acquiring an additional 45 shares during the period. Ascent Group LLC increased its position in shares of NXP Semiconductors by 0.4% in the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock valued at $3,000,000 after acquiring an additional 46 shares during the period. Central Bank & Trust Co. increased its position in shares of NXP Semiconductors by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after acquiring an additional 48 shares during the period. Phillips Wealth Planners LLC increased its position in shares of NXP Semiconductors by 4.7% in the third quarter. Phillips Wealth Planners LLC now owns 1,190 shares of the semiconductor provider’s stock valued at $277,000 after acquiring an additional 53 shares during the period. Finally, Trustmark National Bank Trust Department increased its position in shares of NXP Semiconductors by 6.8% in the third quarter. Trustmark National Bank Trust Department now owns 921 shares of the semiconductor provider’s stock valued at $221,000 after acquiring an additional 59 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NXPI shares. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Oppenheimer decreased their price objective 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. Wells Fargo & Company initiated coverage on shares of NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 target price on the stock. Susquehanna cut their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $231.00 to $257.00 in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Trading Down 1.4 %

Shares of NASDAQ NXPI opened at $233.15 on Tuesday. The firm’s 50 day moving average price is $215.16 and its 200-day moving average price is $227.83. The company has a market cap of $59.26 billion, a PE ratio of 23.96, a P/E/G ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a 52-week low of $198.21 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

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.