Strs Ohio Sells 254,230 Shares of NXP Semiconductors NV (NASDAQ:NXPI)

Strs Ohio decreased its stake in NXP Semiconductors NV (NASDAQ:NXPI) by 22.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 875,000 shares of the semiconductor provider’s stock after selling 254,230 shares during the period. Strs Ohio’s holdings in NXP Semiconductors were worth $85,408,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in NXPI. Pictet Asset Management Ltd. increased its stake in shares of NXP Semiconductors by 14.8% in the first quarter. Pictet Asset Management Ltd. now owns 3,101,888 shares of the semiconductor provider’s stock worth $274,176,000 after purchasing an additional 400,506 shares in the last quarter. FIL Ltd increased its stake in shares of NXP Semiconductors by 0.8% in the first quarter. FIL Ltd now owns 2,052,978 shares of the semiconductor provider’s stock worth $181,462,000 after purchasing an additional 15,872 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of NXP Semiconductors by 14.8% in the fourth quarter. Geode Capital Management LLC now owns 1,845,502 shares of the semiconductor provider’s stock worth $134,797,000 after purchasing an additional 238,164 shares in the last quarter. Swiss National Bank increased its stake in shares of NXP Semiconductors by 1.7% in the first quarter. Swiss National Bank now owns 1,739,929 shares of the semiconductor provider’s stock worth $153,792,000 after purchasing an additional 28,300 shares in the last quarter. Finally, Boston Partners purchased a new position in shares of NXP Semiconductors in the first quarter worth about $149,891,000. 76.02% of the stock is currently owned by institutional investors and hedge funds.

NXPI has been the subject of several recent research reports. Stifel Nicolaus set a $105.00 target price on shares of NXP Semiconductors and gave the stock a “hold” rating in a research note on Wednesday, July 31st. ValuEngine downgraded shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Thursday. Morgan Stanley lifted their target price on shares of NXP Semiconductors from $114.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Bank of America reiterated a “buy” rating and issued a $125.00 target price (up previously from $105.00) on shares of NXP Semiconductors in a research note on Wednesday, May 1st. Finally, Barclays reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $104.44.

NASDAQ:NXPI traded down $4.09 during mid-day trading on Monday, hitting $96.37. 2,900,866 shares of the stock traded hands, compared to its average volume of 3,595,428. The firm’s 50-day moving average is $98.05. The company has a market cap of $33.02 billion, a P/E ratio of 16.22, a PEG ratio of 1.23 and a beta of 1.26. NXP Semiconductors NV has a 12-month low of $67.62 and a 12-month high of $108.51. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.04 and a current ratio of 1.82.

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.

See Also: How is the discount rate different from the Federal Funds rate?

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors NV (NASDAQ:NXPI).

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

Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.