NXP Semiconductors (NASDAQ:NXPI) Shares Bought by Pictet Asset Management SA

Pictet Asset Management SA lifted its stake in NXP Semiconductors (NASDAQ:NXPIGet Rating) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,935,194 shares of the semiconductor provider’s stock after acquiring an additional 182,947 shares during the period. NXP Semiconductors accounts for approximately 1.3% of Pictet Asset Management SA’s holdings, making the stock its 6th biggest position. Pictet Asset Management SA owned approximately 2.23% of NXP Semiconductors worth $1,351,918,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NXPI. Massachusetts Financial Services Co. MA lifted its stake in NXP Semiconductors by 3.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,123,347 shares of the semiconductor provider’s stock valued at $1,591,120,000 after purchasing an additional 242,732 shares during the last quarter. Brown Advisory Inc. lifted its stake in NXP Semiconductors by 3.8% during the fourth quarter. Brown Advisory Inc. now owns 3,986,328 shares of the semiconductor provider’s stock valued at $908,006,000 after purchasing an additional 147,735 shares during the last quarter. Pendal Group Ltd lifted its stake in NXP Semiconductors by 333.1% during the fourth quarter. Pendal Group Ltd now owns 2,763,425 shares of the semiconductor provider’s stock valued at $629,453,000 after purchasing an additional 2,125,319 shares during the last quarter. Capital Research Global Investors lifted its stake in NXP Semiconductors by 3.3% during the third quarter. Capital Research Global Investors now owns 2,553,464 shares of the semiconductor provider’s stock valued at $500,147,000 after purchasing an additional 82,271 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in NXP Semiconductors by 0.8% during the third quarter. Wellington Management Group LLP now owns 2,488,589 shares of the semiconductor provider’s stock valued at $487,440,000 after purchasing an additional 20,353 shares during the last quarter. 89.03% of the stock is owned by institutional investors.

Several equities research analysts recently commented on NXPI shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of NXP Semiconductors from $245.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. Zacks Investment Research downgraded shares of NXP Semiconductors from a “hold” rating to a “sell” rating and set a $188.00 price target for the company. in a research report on Thursday, April 21st. StockNews.com started coverage on shares of NXP Semiconductors in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Truist Financial reduced their price target on shares of NXP Semiconductors from $265.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, April 8th. Finally, Oppenheimer reduced their price target on shares of NXP Semiconductors from $235.00 to $210.00 in a research report on Thursday, April 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, NXP Semiconductors has a consensus rating of “Hold” and an average target price of $226.30.

Shares of NXPI traded up $2.79 during mid-day trading on Thursday, hitting $173.66. 2,556,054 shares of the company’s stock were exchanged, compared to its average volume of 2,809,257. The firm has a fifty day moving average of $178.61 and a two-hundred day moving average of $200.49. NXP Semiconductors has a twelve month low of $164.75 and a twelve month high of $239.91. The stock has a market cap of $45.60 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 0.69 and a beta of 1.36. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 1.56.

NXP Semiconductors (NASDAQ:NXPIGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The semiconductor provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.85 by $0.26. NXP Semiconductors had a net margin of 18.70% and a return on equity of 40.21%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.10 billion. On average, equities analysts predict that NXP Semiconductors will post 11.78 earnings per share for the current year.

About NXP Semiconductors (Get Rating)

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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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