Signaturefd LLC raised its stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 11.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,274 shares of the semiconductor provider’s stock after purchasing an additional 238 shares during the period. Signaturefd LLC’s holdings in NXP Semiconductors were worth $222,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Covenant Multifamily Offices LLC acquired a new stake in shares of NXP Semiconductors in the first quarter valued at $25,000. Global Trust Asset Management LLC acquired a new stake in shares of NXP Semiconductors in the second quarter valued at $26,000. Liberty Wealth Management LLC increased its stake in shares of NXP Semiconductors by 5,050.0% in the first quarter. Liberty Wealth Management LLC now owns 309 shares of the semiconductor provider’s stock valued at $27,000 after buying an additional 303 shares in the last quarter. Citizens Financial Group Inc RI increased its stake in shares of NXP Semiconductors by 56.3% in the first quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock valued at $32,000 after buying an additional 129 shares in the last quarter. Finally, Essex Savings Bank acquired a new stake in shares of NXP Semiconductors in the first quarter valued at $35,000. Institutional investors own 75.67% of the company’s stock.
Shares of NXPI opened at $99.99 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.82. NXP Semiconductors NV has a 1 year low of $67.62 and a 1 year high of $108.51. The company has a market capitalization of $32.30 billion, a PE ratio of 16.83, a P/E/G ratio of 1.24 and a beta of 1.26. The stock’s 50-day moving average is $99.20.
In other NXP Semiconductors news, Chairman Peter L. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated 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 owns 24,404 shares in the company, valued at $2,400,377.44. The sale was disclosed in a document filed with the SEC, which is available through this link.
A number of analysts have recently weighed in on the company. Stifel Nicolaus set a $105.00 target price on NXP Semiconductors and gave the company a “hold” rating in a research note on Wednesday, July 31st. Barclays restated a “buy” rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. Bank of America restated a “buy” rating and issued a $125.00 target price (up from $105.00) on shares of NXP Semiconductors in a research note on Wednesday, May 1st. Morgan Stanley raised their target price on NXP Semiconductors from $114.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Mizuho lifted their price objective on NXP Semiconductors from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $104.44.
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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