NXP Semiconductors (NASDAQ:NXPI) Sets New 12-Month High at $120.11

Shares of NXP Semiconductors NV (NASDAQ:NXPI) reached a new 52-week high on Tuesday . The stock traded as high as $120.11 and last traded at $119.95, with a volume of 64334 shares traded. The stock had previously closed at $118.26.

Several research analysts recently weighed in on the stock. Piper Jaffray Companies set a $120.00 price objective on shares of NXP Semiconductors and gave the stock a “buy” rating in a research report on Friday, October 25th. KeyCorp boosted their price objective on shares of NXP Semiconductors from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Sanford C. Bernstein set a $125.00 price objective on shares of NXP Semiconductors and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Cowen boosted their price objective on shares of NXP Semiconductors from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC restated a “buy” rating and issued a $140.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $119.45.

The business’s fifty day simple moving average is $110.79 and its 200 day simple moving average is $102.08. The company has a current ratio of 1.90, a quick ratio of 1.54 and a debt-to-equity ratio of 0.78. The stock has a market cap of $32.88 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 1.47 and a beta of 1.26.

In other news, EVP Keith M. Shull sold 4,398 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $119.00, for a total value of $523,362.00. Following the completion of the transaction, the executive vice president now owns 15,092 shares of the company’s stock, valued at approximately $1,795,948. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Keith M. Shull sold 21,085 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $119.35, for a total transaction of $2,516,494.75. Following the completion of the transaction, the executive vice president now directly owns 15,092 shares of the company’s stock, valued at approximately $1,801,230.20. The disclosure for this sale can be found here. Insiders have sold a total of 34,248 shares of company stock valued at $3,975,779 in the last ninety days.

Hedge funds have recently made changes to their positions in the company. Westwood Holdings Group Inc. acquired a new position in NXP Semiconductors in the 2nd quarter worth $25,000. Global Trust Asset Management LLC acquired a new position in NXP Semiconductors in the 2nd quarter worth $26,000. Next Capital Management LLC acquired a new position in NXP Semiconductors in the 2nd quarter worth $26,000. Cornerstone Advisors Inc. boosted its stake in NXP Semiconductors by 55.8% in the 2nd quarter. Cornerstone Advisors Inc. now owns 374 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 134 shares during the period. Finally, Prestige Wealth Management Group LLC acquired a new position in NXP Semiconductors in the 2nd quarter worth $39,000. 88.80% of the stock is owned by institutional investors.

NXP Semiconductors Company Profile (NASDAQ:NXPI)

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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