Caisse DE Depot ET Placement DU Quebec cut its stake in NXP Semiconductors NV (NASDAQ:NXPI) by 34.4% in the fourth quarter, HoldingsChannel reports. The firm owned 36,836 shares of the semiconductor provider’s stock after selling 19,290 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in NXP Semiconductors were worth $4,313,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. MML Investors Services LLC grew its position in shares of NXP Semiconductors by 52.2% in the fourth quarter. MML Investors Services LLC now owns 2,865 shares of the semiconductor provider’s stock valued at $335,000 after purchasing an additional 982 shares in the last quarter. Leucadia National Corp grew its position in NXP Semiconductors by 9.4% in the fourth quarter. Leucadia National Corp now owns 271,967 shares of the semiconductor provider’s stock worth $31,845,000 after acquiring an additional 23,267 shares during the period. Landscape Capital Management L.L.C. purchased a new position in NXP Semiconductors in the fourth quarter worth approximately $2,594,000. Sand Grove Capital Management LLP grew its position in NXP Semiconductors by 142.2% in the fourth quarter. Sand Grove Capital Management LLP now owns 626,849 shares of the semiconductor provider’s stock worth $73,348,000 after acquiring an additional 367,994 shares during the period. Finally, Advent Capital Management DE purchased a new position in NXP Semiconductors in the fourth quarter worth approximately $2,906,000. Institutional investors and hedge funds own 82.04% of the company’s stock.
NXP Semiconductors NV (NASDAQ NXPI) opened at $123.68 on Monday. 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 NV has a 52 week low of $102.60 and a 52 week high of $125.93. The company has a market capitalization of $42,790.00, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 0.95 and a beta of 0.67.
Several research analysts recently weighed in on NXPI shares. Zacks Investment Research upgraded NXP Semiconductors from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research report on Saturday, December 23rd. ValuEngine upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Jefferies Group reiterated a “hold” rating and issued a $120.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, February 13th. Mizuho reiterated a “hold” rating and issued a $110.00 price objective on shares of NXP Semiconductors in a research report on Thursday, February 8th. Finally, Sanford C. Bernstein set a $125.00 price objective on NXP Semiconductors and gave the stock a “hold” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. NXP Semiconductors presently has a consensus rating of “Hold” and an average target price of $117.00.
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NXP Semiconductors Company 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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