TD Asset Management Inc. reduced its stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 96.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,773 shares of the semiconductor provider’s stock after selling 8,117,246 shares during the quarter. TD Asset Management Inc. owned about 0.10% of NXP Semiconductors worth $31,701,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of NXP Semiconductors by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,058 shares of the semiconductor provider’s stock worth $956,000 after acquiring an additional 697 shares during the period. Geode Capital Management LLC raised its position 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 acquiring an additional 238,164 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of NXP Semiconductors in the first quarter worth about $372,000. Quantitative Systematic Strategies LLC acquired a new position in shares of NXP Semiconductors in the first quarter worth about $266,000. Finally, Nisa Investment Advisors LLC raised its position in shares of NXP Semiconductors by 17.6% in the first quarter. Nisa Investment Advisors LLC now owns 45,980 shares of the semiconductor provider’s stock worth $4,064,000 after acquiring an additional 6,880 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.
A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th. Barclays reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Sunday, May 5th. Stifel Nicolaus set a $105.00 price objective on shares of NXP Semiconductors and gave the stock a “hold” rating in a research report on Wednesday, July 31st. BidaskClub upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Mizuho upped their price target on shares of NXP Semiconductors from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $104.44.
In related news, Chairman Peter L. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $98.36, for a total transaction of $983,600.00. Following the completion of the transaction, the chairman now owns 24,404 shares in the company, valued at approximately $2,400,377.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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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