Braun Stacey Associates Inc. lessened its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 11.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,413 shares of the semiconductor provider’s stock after selling 14,193 shares during the period. Braun Stacey Associates Inc.’s holdings in NXP Semiconductors N.V. were worth $12,374,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. First Trust Advisors LP bought a new position in NXP Semiconductors N.V. in the third quarter valued at $26,470,000. Mizuho Securities USA LLC increased its stake in NXP Semiconductors N.V. by 25.0% in the third quarter. Mizuho Securities USA LLC now owns 12,500 shares of the semiconductor provider’s stock valued at $1,414,000 after acquiring an additional 2,500 shares during the last quarter. Strs Ohio increased its stake in NXP Semiconductors N.V. by 0.9% in the third quarter. Strs Ohio now owns 513,756 shares of the semiconductor provider’s stock valued at $58,100,000 after acquiring an additional 4,808 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in NXP Semiconductors N.V. by 1.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 34,921 shares of the semiconductor provider’s stock valued at $3,949,000 after acquiring an additional 453 shares during the last quarter. Finally, Whittier Trust Co. increased its stake in NXP Semiconductors N.V. by 1.7% in the third quarter. Whittier Trust Co. now owns 100,628 shares of the semiconductor provider’s stock valued at $11,380,000 after acquiring an additional 1,683 shares during the last quarter. Institutional investors own 78.49% of the company’s stock.
NXPI has been the topic of a number of recent research reports. Sanford C. Bernstein cut NXP Semiconductors N.V. from an “outperform” rating to a “market perform” rating and set a $125.00 price objective on the stock. in a research note on Thursday, October 26th. BidaskClub raised NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley raised their price objective on NXP Semiconductors N.V. from $110.00 to $117.50 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Jefferies Group LLC set a $110.00 price objective on NXP Semiconductors N.V. and gave the company 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 report on Wednesday, October 4th. Seventeen investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $112.57.
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NXP Semiconductors N.V. (NXPI) traded up $0.74 during trading hours on Friday, reaching $116.05. 2,392,700 shares of the company’s stock were exchanged, compared to its average volume of 2,749,983. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.59 and a current ratio of 2.04. NXP Semiconductors N.V. has a fifty-two week low of $96.00 and a fifty-two week high of $118.20. The company has a market cap of $39,093.43, a P/E ratio of 20.23, a PEG ratio of 1.00 and a beta of 0.85.
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.
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