Wrapmanager Inc. reduced its position in NXP Semiconductors NV (NASDAQ:NXPI) by 4.9% during the second quarter, HoldingsChannel reports. The fund owned 3,462 shares of the semiconductor provider’s stock after selling 178 shares during the quarter. Wrapmanager Inc.’s holdings in NXP Semiconductors were worth $338,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. Covenant Multifamily Offices LLC bought a new stake in shares of NXP Semiconductors during the first quarter valued at about $25,000. Global Trust Asset Management LLC bought a new stake in shares of NXP Semiconductors during the second quarter valued at about $26,000. Liberty Wealth Management LLC increased its position in shares of NXP Semiconductors by 5,050.0% during 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 during the period. Citizens Financial Group Inc RI increased its position in shares of NXP Semiconductors by 56.3% during 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 during the period. Finally, Essex Savings Bank bought a new stake in shares of NXP Semiconductors during the first quarter valued at about $35,000. Institutional investors and hedge funds own 75.67% of the company’s stock.
Several equities research analysts have recently weighed in on NXPI shares. Mizuho upped their price target on NXP Semiconductors from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Stifel Nicolaus set a $105.00 price target on NXP Semiconductors and gave the company a “hold” rating in a research report on Wednesday, July 31st. Morgan Stanley upped their price target on NXP Semiconductors from $114.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Evercore ISI upgraded NXP Semiconductors from an “in-line” rating to an “outperform” rating and upped their price target for the company from $110.00 to $125.00 in a research report on Monday, July 29th. Finally, ValuEngine lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NXP Semiconductors currently has an average rating of “Buy” and an average price target of $104.44.
Shares of NASDAQ NXPI opened at $100.04 on Thursday. NXP Semiconductors NV has a 12 month low of $67.62 and a 12 month high of $108.51. The company has a quick ratio of 1.44, a current ratio of 1.82 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $32.30 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 1.24 and a beta of 1.26. The stock’s 50-day simple moving average is $99.20.
In other news, Chairman Peter L. Bonfield sold 10,000 shares of the business’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 completion of the transaction, the chairman now owns 24,404 shares of the company’s stock, valued at $2,400,377.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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.
Read More: Calculate Your Return on Investment (ROI)
Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors NV (NASDAQ:NXPI).
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.