Advisor Group Inc. trimmed its holdings in NXP Semiconductors N.V. (NASDAQ:NXPI) by 25.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,955 shares of the semiconductor provider’s stock after selling 2,688 shares during the quarter. Advisor Group Inc.’s holdings in NXP Semiconductors were worth $900,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NXPI. Toronto Dominion Bank raised its position in NXP Semiconductors by 29.1% in the third quarter. Toronto Dominion Bank now owns 15,755 shares of the semiconductor provider’s stock worth $1,781,000 after acquiring an additional 3,550 shares in the last quarter. New York State Common Retirement Fund grew its holdings in NXP Semiconductors by 2.0% in the third quarter. New York State Common Retirement Fund now owns 868,800 shares of the semiconductor provider’s stock valued at $98,253,000 after purchasing an additional 17,200 shares during the last quarter. CIBC Asset Management Inc grew its holdings in NXP Semiconductors by 1.5% in the third quarter. CIBC Asset Management Inc now owns 31,582 shares of the semiconductor provider’s stock valued at $3,572,000 after purchasing an additional 472 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in NXP Semiconductors in the third quarter valued at $55,205,000. Finally, Opera Trading Capital grew its holdings in NXP Semiconductors by 184.1% in the third quarter. Opera Trading Capital now owns 75,953 shares of the semiconductor provider’s stock valued at $8,590,000 after purchasing an additional 49,218 shares during the last quarter. Institutional investors own 82.72% of the company’s stock.
Shares of NXP Semiconductors N.V. (NXPI) traded up $0.80 during mid-day trading on Thursday, reaching $115.13. 2,100,716 shares of the company’s stock traded hands, compared to its average volume of 2,764,454. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.04 and a quick ratio of 1.59. The firm has a market capitalization of $39,670.00, a P/E ratio of 19.96, a PEG ratio of 0.99 and a beta of 0.82. NXP Semiconductors N.V. has a 1 year low of $96.00 and a 1 year high of $118.20.
Several analysts have weighed in on the company. BidaskClub raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $110.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, October 4th. Mizuho reaffirmed a “hold” rating and set a $110.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, October 4th. Jefferies Group set a $110.00 price objective on NXP Semiconductors and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Robert W. Baird reissued a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors in a research note on Friday, October 27th. Seventeen investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $112.57.
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NXP Semiconductors 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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