Whittier Trust Co. of Nevada Inc. Sells 4,113 Shares of NXP Semiconductors NV (NASDAQ:NXPI)

Whittier Trust Co. of Nevada Inc. decreased its position in NXP Semiconductors NV (NASDAQ:NXPI) by 30.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,468 shares of the semiconductor provider’s stock after selling 4,113 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in NXP Semiconductors were worth $924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pictet Asset Management Ltd. lifted its position in 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 valued at $274,176,000 after purchasing an additional 400,506 shares during the period. FIL Ltd lifted its position in NXP Semiconductors by 0.8% during the 1st quarter. FIL Ltd now owns 2,052,978 shares of the semiconductor provider’s stock valued at $181,462,000 after purchasing an additional 15,872 shares during the period. Geode Capital Management LLC lifted its position in NXP Semiconductors by 14.8% during the 4th quarter. Geode Capital Management LLC now owns 1,845,502 shares of the semiconductor provider’s stock valued at $134,797,000 after purchasing an additional 238,164 shares during the period. Swiss National Bank lifted its position in NXP Semiconductors by 1.7% during the 1st quarter. Swiss National Bank now owns 1,739,929 shares of the semiconductor provider’s stock valued at $153,792,000 after purchasing an additional 28,300 shares during the period. Finally, Boston Partners acquired a new position in NXP Semiconductors during the 1st quarter valued at about $149,891,000. 76.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:NXPI traded up $0.46 during mid-day trading on Friday, reaching $100.46. The stock had a trading volume of 3,231,300 shares, compared to its average volume of 3,260,178. The company has a market cap of $33.98 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.26 and a beta of 1.26. The stock has a 50 day moving average of $98.05. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.04 and a current ratio of 1.82. NXP Semiconductors NV has a twelve month low of $67.62 and a twelve month high of $108.51.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. NXP Semiconductors’s payout ratio is 16.84%.

A number of research analysts have issued reports on NXPI shares. Mizuho upped their target price on shares of NXP Semiconductors from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Saturday, July 27th. Bank of America restated a “buy” rating and set a $125.00 target price (up from $105.00) on shares of NXP Semiconductors in a research report on Wednesday, May 1st. Morgan Stanley upped their target price on shares of NXP Semiconductors from $114.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Piper Jaffray Companies upped their target price on shares of NXP Semiconductors from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $104.44.

About NXP Semiconductors

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.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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