Fulton Bank N.A. Lowers Stake in NXP Semiconductors N.V. (NXPI)

Fulton Bank N.A. reduced its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 40.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,723 shares of the semiconductor provider’s stock after selling 3,251 shares during the period. Fulton Bank N.A.’s holdings in NXP Semiconductors N.V. were worth $534,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Commonwealth Bank of Australia increased its stake in NXP Semiconductors N.V. by 0.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,665 shares of the semiconductor provider’s stock valued at $181,000 after buying an additional 14 shares during the last quarter. ProVise Management Group LLC increased its stake in NXP Semiconductors N.V. by 0.4% in the 2nd quarter. ProVise Management Group LLC now owns 3,759 shares of the semiconductor provider’s stock valued at $412,000 after buying an additional 15 shares during the last quarter. Baldwin Investment Management LLC increased its stake in NXP Semiconductors N.V. by 0.8% in the 2nd quarter. Baldwin Investment Management LLC now owns 4,751 shares of the semiconductor provider’s stock valued at $520,000 after buying an additional 39 shares during the last quarter. TCI Wealth Advisors Inc. increased its stake in NXP Semiconductors N.V. by 4.6% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 1,192 shares of the semiconductor provider’s stock valued at $130,000 after buying an additional 52 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its stake in NXP Semiconductors N.V. by 5.8% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,938 shares of the semiconductor provider’s stock valued at $212,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 78.84% of the company’s stock.

NXP Semiconductors N.V. (NXPI) traded up 0.27% during mid-day trading on Friday, reaching $116.93. 3,129,297 shares of the company’s stock were exchanged. NXP Semiconductors N.V. has a 52-week low of $95.88 and a 52-week high of $117.30. The company has a 50-day moving average of $113.81 and a 200-day moving average of $110.23. The stock has a market cap of $29.44 billion, a price-to-earnings ratio of 20.77 and a beta of 0.88.

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NXPI has been the topic of several recent research reports. Sanford C. Bernstein lowered shares of NXP Semiconductors N.V. from an “outperform” rating to a “market perform” rating and set a $125.00 price target on the stock. in a research note on Thursday. BidaskClub upgraded shares of NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley boosted their price objective on shares of NXP Semiconductors N.V. from $110.00 to $117.50 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Jefferies Group LLC set a $110.00 price objective on shares of NXP Semiconductors N.V. and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, Zacks Investment Research lowered shares of NXP Semiconductors N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $111.25.

NXP Semiconductors N.V. Profile

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.

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

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