Cookson Peirce & Co. Inc. Buys 572 Shares of NXP Semiconductors (NASDAQ:NXPI)

Cookson Peirce & Co. Inc. boosted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 13.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,753 shares of the semiconductor provider’s stock after purchasing an additional 572 shares during the period. Cookson Peirce & Co. Inc.’s holdings in NXP Semiconductors were worth $988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NXPI. ORG Wealth Partners LLC increased its position in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 119 shares in the last quarter. Sound Income Strategies LLC increased its position in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after buying an additional 88 shares in the last quarter. FSA Wealth Management LLC bought a new position in NXP Semiconductors during the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group increased its position in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC increased its position in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after buying an additional 75 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Needham & Company LLC reduced their target price on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Susquehanna reduced their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $210.00 to $290.00 in a report on Thursday, February 20th. Finally, Evercore ISI reduced their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Price Performance

NASDAQ NXPI opened at $216.77 on Thursday. The company has a market capitalization of $54.98 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The business’s fifty day moving average is $216.02 and its 200 day moving average is $226.61. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08.

NXP Semiconductors 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.