Principal Securities Inc. Has $869,000 Stake in NXP Semiconductors (NASDAQ:NXPI)

Principal Securities Inc. raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 8.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,179 shares of the semiconductor provider’s stock after buying an additional 334 shares during the quarter. Principal Securities Inc.’s holdings in NXP Semiconductors were worth $869,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Eastern Bank acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth approximately $419,000. Commerzbank Aktiengesellschaft FI grew its holdings in shares of NXP Semiconductors by 38.6% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,480 shares of the semiconductor provider’s stock worth $356,000 after purchasing an additional 412 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of NXP Semiconductors by 24,533.2% during the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock worth $123,447,000 after purchasing an additional 512,253 shares in the last quarter. Patrick M Sweeney & Associates Inc. grew its holdings in shares of NXP Semiconductors by 6.4% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock worth $207,000 after purchasing an additional 52 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of NXP Semiconductors by 40.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,318 shares of the semiconductor provider’s stock worth $556,000 after purchasing an additional 666 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NXPI. Mizuho raised their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus cut their target price on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Loop Capital initiated coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 target price for the company. The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their price objective for the company from $260.00 to $257.00 in a research report on Friday, January 10th. Finally, Wells Fargo & Company initiated coverage on NXP Semiconductors in a research report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective for the company. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company 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 $245.86 on Friday. The firm has a market cap of $62.49 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 2.80 and a beta of 1.46. The stock’s 50-day moving average is $214.47 and its 200-day moving average is $227.98. NXP Semiconductors has a one year low of $198.21 and a one year high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

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.