NXP Semiconductors NV (NASDAQ:NXPI) Stock Position Trimmed by Morse Asset Management Inc

Morse Asset Management Inc decreased its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 3.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 87,737 shares of the semiconductor provider’s stock after selling 2,768 shares during the period. NXP Semiconductors makes up 2.5% of Morse Asset Management Inc’s holdings, making the stock its 9th largest holding. Morse Asset Management Inc’s holdings in NXP Semiconductors were worth $8,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of NXP Semiconductors by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,058 shares of the semiconductor provider’s stock worth $956,000 after acquiring an additional 697 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NXP Semiconductors by 14.8% in the 4th quarter. Geode Capital Management LLC now owns 1,845,502 shares of the semiconductor provider’s stock worth $134,797,000 after acquiring an additional 238,164 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of NXP Semiconductors by 2.4% in the 1st quarter. Gateway Investment Advisers LLC now owns 14,566 shares of the semiconductor provider’s stock worth $1,287,000 after acquiring an additional 340 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of NXP Semiconductors in the 1st quarter worth $372,000. Finally, Virtu Financial LLC bought a new position in shares of NXP Semiconductors in the 1st quarter worth $1,182,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:NXPI traded up $3.86 during mid-day trading on Tuesday, hitting $102.11. 241,018 shares of the company’s stock traded hands, compared to its average volume of 3,782,085. The stock has a fifty day moving average of $99.08. NXP Semiconductors NV has a twelve month low of $67.62 and a twelve month high of $108.51. The company has a market cap of $32.83 billion, a P/E ratio of 17.20, a P/E/G ratio of 1.26 and a beta of 1.26. The company has a quick ratio of 1.44, a current ratio of 1.82 and a debt-to-equity ratio of 0.79.

NXPI has been the subject of several recent research reports. Morgan Stanley boosted their price target on NXP Semiconductors from $114.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. BidaskClub lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Bank of America reissued a “buy” rating and issued a $125.00 price target (up from $105.00) on shares of NXP Semiconductors in a research report on Wednesday, May 1st. ValuEngine lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Mizuho boosted their price target on NXP Semiconductors from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. NXP Semiconductors currently has an average rating of “Buy” and a consensus target price of $104.44.

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

NXP Semiconductors 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.

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

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