Stellar Capital Management LLC reduced its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,889 shares of the semiconductor provider’s stock after selling 115 shares during the period. Stellar Capital Management LLC’s holdings in NXP Semiconductors N.V. were worth $2,067,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in NXP Semiconductors N.V. by 59.4% in the 2nd quarter. BlackRock Inc. now owns 18,896,814 shares of the semiconductor provider’s stock worth $2,068,256,000 after purchasing an additional 7,044,701 shares in the last quarter. Elliott Management Corp purchased a new position in NXP Semiconductors N.V. in the 2nd quarter worth about $1,354,313,000. Farallon Capital Management LLC increased its stake in NXP Semiconductors N.V. by 31.0% in the 2nd quarter. Farallon Capital Management LLC now owns 6,425,000 shares of the semiconductor provider’s stock worth $703,216,000 after purchasing an additional 1,520,000 shares in the last quarter. York Capital Management Global Advisors LLC increased its stake in NXP Semiconductors N.V. by 68.5% in the 2nd quarter. York Capital Management Global Advisors LLC now owns 5,377,282 shares of the semiconductor provider’s stock worth $588,543,000 after purchasing an additional 2,186,645 shares in the last quarter. Finally, FIL Ltd increased its stake in NXP Semiconductors N.V. by 13.0% in the 2nd quarter. FIL Ltd now owns 4,413,381 shares of the semiconductor provider’s stock worth $483,045,000 after purchasing an additional 506,911 shares in the last quarter. 78.88% of the stock is currently owned by hedge funds and other institutional investors.
NXPI has been the topic of a number of analyst reports. Deutsche Bank AG cut NXP Semiconductors N.V. from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a research note on Monday, June 19th. Mizuho reissued a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research note on Wednesday, October 4th. Zacks Investment Research cut NXP Semiconductors N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Stifel Nicolaus reissued a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research note on Tuesday, July 4th. Finally, Drexel Hamilton reissued a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. NXP Semiconductors N.V. currently has an average rating of “Hold” and a consensus price target of $109.83.
Shares of NXP Semiconductors N.V. (NXPI) traded up 0.31% during midday trading on Wednesday, reaching $115.36. The company’s stock had a trading volume of 949,299 shares. NXP Semiconductors N.V. has a 12 month low of $95.88 and a 12 month high of $115.61. The stock has a 50-day moving average of $112.84 and a 200 day moving average of $109.34. The company has a market cap of $39.91 billion, a price-to-earnings ratio of 40.34 and a beta of 0.88.
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NXP Semiconductors N.V. 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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