Nomura Asset Management Co. Ltd. trimmed its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,428 shares of the semiconductor provider’s stock after selling 4,230 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in NXP Semiconductors were worth $5,319,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Fieldpoint Private Securities LLC bought a new position in NXP Semiconductors in the 3rd quarter worth approximately $113,000. Risk Paradigm Group LLC grew its holdings in NXP Semiconductors by 92.3% in the 3rd quarter. Risk Paradigm Group LLC now owns 1,192 shares of the semiconductor provider’s stock worth $135,000 after buying an additional 572 shares in the last quarter. Horan Capital Advisors LLC. bought a new position in NXP Semiconductors in the 3rd quarter worth approximately $136,000. Valeo Financial Advisors LLC grew its holdings in NXP Semiconductors by 931.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,320 shares of the semiconductor provider’s stock worth $155,000 after buying an additional 1,192 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new position in NXP Semiconductors in the 4th quarter worth approximately $209,000. 82.82% of the stock is owned by institutional investors and hedge funds.
NXPI has been the subject of a number of research analyst reports. BidaskClub upgraded NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. Robert W. Baird restated a “hold” rating on shares of NXP Semiconductors in a research report on Friday, February 23rd. Sanford C. Bernstein set a $125.00 target price on NXP Semiconductors and gave the stock a “hold” rating in a research report on Thursday, February 8th. Finally, ValuEngine upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. NXP Semiconductors has a consensus rating of “Hold” and an average target price of $117.00.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, February 7th. The semiconductor provider reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $1.45. NXP Semiconductors had a return on equity of 18.68% and a net margin of 23.93%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.37 billion. sell-side analysts forecast that NXP Semiconductors NV will post 6.51 earnings per share for the current fiscal year.
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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