Stephens Investment Management Group LLC Boosts Stock Holdings in NXP Semiconductors NV (NASDAQ:NXPI)

Stephens Investment Management Group LLC boosted its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 12.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 20,543 shares of the semiconductor provider’s stock after buying an additional 2,206 shares during the period. Stephens Investment Management Group LLC’s holdings in NXP Semiconductors were worth $2,005,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NXPI. Boston Partners purchased a new stake in NXP Semiconductors during the 1st quarter worth approximately $149,891,000. Bank of Montreal Can boosted its holdings in shares of NXP Semiconductors by 308.2% during the 1st quarter. Bank of Montreal Can now owns 956,288 shares of the semiconductor provider’s stock worth $84,526,000 after purchasing an additional 721,996 shares during the last quarter. Robecosam AG acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $43,215,000. Pictet Asset Management Ltd. boosted its holdings in shares of NXP Semiconductors by 14.8% during the 1st quarter. Pictet Asset Management Ltd. now owns 3,101,888 shares of the semiconductor provider’s stock worth $274,176,000 after purchasing an additional 400,506 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of NXP Semiconductors by 28.9% during the 1st quarter. First Trust Advisors LP now owns 1,232,092 shares of the semiconductor provider’s stock worth $108,905,000 after purchasing an additional 276,400 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

In related news, Chairman Peter L. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $98.36, for a total value of $983,600.00. Following the transaction, the chairman now directly owns 24,404 shares in the company, valued at $2,400,377.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Several brokerages have recently weighed in on NXPI. ValuEngine cut NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Evercore ISI upgraded NXP Semiconductors from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $110.00 to $125.00 in a report on Monday, July 29th. Zacks Investment Research cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Morgan Stanley boosted their target price on NXP Semiconductors from $114.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Barclays restated a “buy” rating on shares of NXP Semiconductors in a report on Sunday, May 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. NXP Semiconductors presently has an average rating of “Buy” and an average target price of $104.44.

NXPI traded up $3.79 during trading hours on Friday, reaching $103.56. The company’s stock had a trading volume of 3,176,700 shares, compared to its average volume of 3,834,109. NXP Semiconductors NV has a fifty-two week low of $67.62 and a fifty-two week high of $108.51. The stock has a market cap of $32.87 billion, a PE ratio of 17.43, a P/E/G ratio of 1.26 and a beta of 1.26. The business’s 50-day moving average is $99.32 and its 200-day moving average is $95.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.82 and a quick ratio of 1.44.

NXP Semiconductors Company 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.

See Also: How to find the components of the quick ratio

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).

Institutional Ownership by Quarter for NXP Semiconductors (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.