Somerville Kurt F reduced its position in NXP Semiconductors NV (NASDAQ:NXPI) by 17.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,925 shares of the semiconductor provider’s stock after selling 600 shares during the quarter. Somerville Kurt F’s holdings in NXP Semiconductors were worth $285,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Boston Partners bought a new position in shares of NXP Semiconductors during the first quarter valued at approximately $149,891,000. Bank of Montreal Can grew its holdings in shares of NXP Semiconductors by 308.2% during the first quarter. Bank of Montreal Can now owns 956,288 shares of the semiconductor provider’s stock valued at $84,526,000 after purchasing an additional 721,996 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of NXP Semiconductors by 14.8% during the first quarter. Pictet Asset Management Ltd. now owns 3,101,888 shares of the semiconductor provider’s stock valued at $274,176,000 after purchasing an additional 400,506 shares during the last quarter. Pennsylvania Trust Co grew its holdings in shares of NXP Semiconductors by 1,977.4% during the first quarter. Pennsylvania Trust Co now owns 328,643 shares of the semiconductor provider’s stock valued at $10,158,000 after purchasing an additional 312,823 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of NXP Semiconductors by 28.9% during the first quarter. First Trust Advisors LP now owns 1,232,092 shares of the semiconductor provider’s stock valued at $108,905,000 after purchasing an additional 276,400 shares during the last quarter. 76.05% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ NXPI traded up $0.46 during midday trading on Friday, hitting $100.46. 3,231,300 shares of the company’s stock were exchanged, compared to its average volume of 3,595,428. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.04 and a current ratio of 1.82. The business’s 50 day moving average is $98.05. The stock has a market cap of $32.87 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.22 and a beta of 1.26. NXP Semiconductors NV has a twelve month low of $67.62 and a twelve month high of $108.51.
NXPI has been the subject of several recent research reports. Stifel Nicolaus set a $105.00 target price on NXP Semiconductors and gave the company a “hold” rating in a report on Wednesday. Mizuho upped their target price on NXP Semiconductors from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. BidaskClub raised NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. Evercore ISI raised NXP Semiconductors from an “in-line” rating to an “outperform” rating and upped their target price for the company from $110.00 to $125.00 in a report on Monday, July 29th. Finally, Bank of America reaffirmed a “buy” rating and set a $125.00 target price (up from $105.00) on shares of NXP Semiconductors in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $104.44.
NXP Semiconductors Profile
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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