Drum Hill Capital LLC Purchases New Holdings in NXP Semiconductors (NASDAQ:NXPI)

Drum Hill Capital LLC acquired a new position in NXP Semiconductors (NASDAQ:NXPI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,205 shares of the semiconductor provider’s stock, valued at approximately $1,913,000. NXP Semiconductors accounts for approximately 2.4% of Drum Hill Capital LLC’s investment portfolio, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in NXPI. Crumly & Associates Inc. boosted its stake in NXP Semiconductors by 2.0% in the 3rd quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock worth $546,000 after purchasing an additional 45 shares in the last quarter. Ascent Group LLC raised its holdings in NXP Semiconductors by 0.4% in the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after buying an additional 46 shares during the last quarter. Central Bank & Trust Co. lifted its stake 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 worth $917,000 after buying an additional 48 shares in the last quarter. Phillips Wealth Planners LLC grew its holdings in shares of NXP Semiconductors by 4.7% during the third quarter. Phillips Wealth Planners LLC now owns 1,190 shares of the semiconductor provider’s stock valued at $277,000 after buying an additional 53 shares during the last quarter. Finally, Trustmark National Bank Trust Department increased its position in shares of NXP Semiconductors by 6.8% during 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 in the last quarter. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the topic of several analyst reports. Stifel Nicolaus lowered their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Needham & Company LLC dropped their price objective on NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer reduced their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Evercore ISI lowered their target price on shares of NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $236.52 on Friday. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. 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 has a market cap of $60.11 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 3.01 and a beta of 1.46. The business has a 50-day simple moving average of $214.86 and a two-hundred day simple moving average of $227.99.

About NXP Semiconductors

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.