Principal Financial Group Inc. Cuts Holdings in NXP Semiconductors NV (NASDAQ:NXPI)

Principal Financial Group Inc. decreased its stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,722 shares of the semiconductor provider’s stock after selling 545 shares during the period. Principal Financial Group Inc.’s holdings in NXP Semiconductors were worth $2,398,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. raised its position in NXP Semiconductors by 67.9% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,167 shares of the semiconductor provider’s stock worth $86,000 after acquiring an additional 472 shares during the period. Caxton Associates LP bought a new position in NXP Semiconductors in the fourth quarter worth approximately $333,000. Totem Point Management LLC bought a new position in NXP Semiconductors in the fourth quarter worth approximately $9,285,000. Gardner Lewis Asset Management L P raised its position in NXP Semiconductors by 21.0% in the fourth quarter. Gardner Lewis Asset Management L P now owns 31,516 shares of the semiconductor provider’s stock worth $2,309,000 after acquiring an additional 5,465 shares during the period. Finally, QS Investors LLC raised its position in NXP Semiconductors by 359.4% in the fourth quarter. QS Investors LLC now owns 25,437 shares of the semiconductor provider’s stock worth $1,865,000 after acquiring an additional 19,900 shares during the period. Institutional investors own 78.00% of the company’s stock.

Several research analysts have weighed in on NXPI shares. Zacks Investment Research downgraded shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Nomura upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Thursday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $95.00 price objective on shares of NXP Semiconductors in a research note on Thursday, January 24th. BidaskClub raised shares of NXP Semiconductors from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 29th. Finally, Mizuho cut shares of NXP Semiconductors from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $99.00 to $95.00 in a research note on Friday, February 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $99.42.

NXPI traded down $0.16 during trading on Friday, hitting $100.17. 2,737,606 shares of the company traded hands, compared to its average volume of 3,639,113. The stock has a market capitalization of $32.98 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.22 and a beta of 1.16. NXP Semiconductors NV has a 1 year low of $67.62 and a 1 year high of $122.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.42.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, February 6th. The semiconductor provider reported $2.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.28. NXP Semiconductors had a net margin of 23.06% and a return on equity of 18.33%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. On average, equities research analysts forecast that NXP Semiconductors NV will post 6.56 earnings per share for the current year.

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About NXP Semiconductors

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

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