NXP Semiconductors NV (NASDAQ:NXPI) Shares Sold by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC lessened its holdings in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 33.1% in the second quarter, HoldingsChannel reports. The fund owned 18,776 shares of the semiconductor provider’s stock after selling 9,288 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in NXP Semiconductors were worth $1,833,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NXPI. Payden & Rygel lifted its holdings in shares of NXP Semiconductors by 0.3% in the second quarter. Payden & Rygel now owns 218,500 shares of the semiconductor provider’s stock valued at $21,328,000 after buying an additional 700 shares during the period. Palouse Capital Management Inc. lifted its holdings in shares of NXP Semiconductors by 1.0% in the second quarter. Palouse Capital Management Inc. now owns 19,599 shares of the semiconductor provider’s stock valued at $1,913,000 after buying an additional 198 shares during the period. Achmea Investment Management B.V. acquired a new stake in shares of NXP Semiconductors in the second quarter valued at $3,523,000. Enlightenment Research LLC lifted its holdings in shares of NXP Semiconductors by 125.0% in the second quarter. Enlightenment Research LLC now owns 10,800 shares of the semiconductor provider’s stock valued at $1,090,000 after buying an additional 6,000 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in shares of NXP Semiconductors by 73.7% in the second quarter. Teacher Retirement System of Texas now owns 202,530 shares of the semiconductor provider’s stock valued at $19,769,000 after buying an additional 85,961 shares during the period. Institutional investors own 75.85% of the company’s stock.

A number of brokerages have recently issued reports on NXPI. ValuEngine lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Evercore ISI raised NXP Semiconductors from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $110.00 to $125.00 in a research report on Monday, July 29th. Stifel Nicolaus set a $105.00 target price on NXP Semiconductors and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their target price on NXP Semiconductors from $114.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Mizuho boosted their target price on NXP Semiconductors from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $105.00.

In related news, Chairman Peter L. Bonfield sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $98.36, for a total transaction of $983,600.00. Following the transaction, the chairman now directly owns 24,404 shares of the company’s stock, valued at $2,400,377.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ:NXPI traded down $5.30 during trading hours on Friday, hitting $97.99. 4,697,586 shares of the company’s stock traded hands, compared to its average volume of 3,498,981. The firm has a market cap of $33.97 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.30 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. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.82. The stock’s fifty day moving average price is $99.95 and its two-hundred day moving average price is $96.28.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.52. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. NXP Semiconductors had a return on equity of 22.22% and a net margin of 23.10%. On average, equities research analysts predict that NXP Semiconductors NV will post 6.35 earnings per share for the current year.

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

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