Twin Capital Management Inc. Has $6.77 Million Position in NXP Semiconductors NV (NASDAQ:NXPI)

Twin Capital Management Inc. cut its position in NXP Semiconductors NV (NASDAQ:NXPI) by 8.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,360 shares of the semiconductor provider’s stock after selling 6,090 shares during the quarter. Twin Capital Management Inc.’s holdings in NXP Semiconductors were worth $6,770,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NXPI. Boston Partners acquired a new position in NXP Semiconductors during the 1st quarter worth approximately $149,891,000. Bank of Montreal Can increased its position in NXP Semiconductors by 308.2% during the 1st quarter. Bank of Montreal Can now owns 956,288 shares of the semiconductor provider’s stock worth $84,526,000 after purchasing an additional 721,996 shares in the last quarter. Robecosam AG acquired a new position in NXP Semiconductors during the 2nd quarter worth approximately $43,215,000. Pictet Asset Management Ltd. increased its position in NXP Semiconductors by 14.8% during the 1st 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. Finally, Pennsylvania Trust Co increased its position in NXP Semiconductors by 1,977.4% in the 1st quarter. Pennsylvania Trust Co now owns 328,643 shares of the semiconductor provider’s stock valued at $10,158,000 after acquiring an additional 312,823 shares during the period. Institutional investors own 75.67% of the company’s stock.

Several equities analysts have issued reports on the stock. Stifel Nicolaus set a $105.00 price target on shares of NXP Semiconductors and gave the company a “hold” rating in a research report on Wednesday, July 31st. BidaskClub cut shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Zacks Investment Research lowered shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Barclays reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. Finally, ValuEngine lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $104.44.

Shares of NXPI stock traded down $0.29 on Thursday, hitting $99.70. The stock had a trading volume of 108,842 shares, compared to its average volume of 3,724,072. The company’s 50 day moving average is $99.20. The company has a market cap of $32.30 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.24 and a beta of 1.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.82. NXP Semiconductors NV has a 12-month low of $67.62 and a 12-month high of $108.51.

In other news, Chairman Peter L. Bonfield sold 10,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $98.36, for a total value of $983,600.00. Following the completion of the sale, the chairman now owns 24,404 shares in the company, valued at $2,400,377.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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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