NXP Semiconductors (NXPI) Stake Lowered by Quantitative Investment Management LLC

Quantitative Investment Management LLC decreased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 74.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,200 shares of the semiconductor provider’s stock after selling 111,900 shares during the period. Quantitative Investment Management LLC’s holdings in NXP Semiconductors were worth $4,589,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cowen Inc. increased its position in shares of NXP Semiconductors by 160.7% in the third quarter. Cowen Inc. now owns 2,916,094 shares of the semiconductor provider’s stock worth $329,781,000 after acquiring an additional 1,797,529 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of NXP Semiconductors by 35.5% during the fourth quarter. Renaissance Technologies LLC now owns 3,251,504 shares of the semiconductor provider’s stock worth $380,719,000 after purchasing an additional 852,289 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of NXP Semiconductors by 3,838.0% during the third quarter. Asset Management One Co. Ltd. now owns 522,491 shares of the semiconductor provider’s stock worth $59,088,000 after purchasing an additional 509,223 shares during the period. Sand Grove Capital Management LLP boosted its holdings in shares of NXP Semiconductors by 142.2% during the fourth quarter. Sand Grove Capital Management LLP now owns 626,849 shares of the semiconductor provider’s stock worth $73,348,000 after purchasing an additional 367,994 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of NXP Semiconductors by 1.9% during the fourth quarter. BlackRock Inc. now owns 19,595,554 shares of the semiconductor provider’s stock worth $2,294,444,000 after purchasing an additional 366,810 shares during the period. 82.62% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of NASDAQ:NXPI opened at $113.73 on Friday. The firm has a market capitalization of $39,666.94, a PE ratio of 15.84, a PEG ratio of 0.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.77 and a current ratio of 2.22. NXP Semiconductors has a 52 week low of $103.16 and a 52 week high of $125.93.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, February 7th. The semiconductor provider reported $3.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $1.45. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.37 billion. NXP Semiconductors had a net margin of 23.93% and a return on equity of 18.68%. sell-side analysts forecast that NXP Semiconductors will post 6.52 EPS for the current year.

A number of analysts have issued reports on NXPI shares. BidaskClub upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th. Needham & Company LLC restated a “strong-buy” rating and issued a $130.00 price objective (up from $110.00) on shares of NXP Semiconductors in a research note on Thursday, February 1st. Sanford C. Bernstein set a $125.00 price objective on shares of NXP Semiconductors and gave the stock a “hold” rating in a research note on Thursday, February 8th. Finally, Mizuho reaffirmed a “hold” rating and set a $110.00 target price on shares of NXP Semiconductors in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $119.12.

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NXP Semiconductors Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. It offers products for audio and visual head-end unit applications, such as single-chip radio solutions, audio amplifiers and power analog products, and i.MX applications processors; and in-vehicle networking products, two-way secure entry products, and various sensors and microcontrollers, as well as power management solutions.

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

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