Washington Capital Management Inc. lifted its stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 80.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,500 shares of the semiconductor provider’s stock after acquiring an additional 2,000 shares during the quarter. Washington Capital Management Inc.’s holdings in NXP Semiconductors were worth $439,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of NXPI. Boston Partners bought a new stake in NXP Semiconductors during the first quarter worth approximately $149,891,000. Bank of Montreal Can boosted its stake in NXP Semiconductors by 308.2% in the 1st quarter. Bank of Montreal Can now owns 956,288 shares of the semiconductor provider’s stock worth $84,526,000 after purchasing an additional 721,996 shares during the period. Robecosam AG acquired a new position in NXP Semiconductors in the 2nd quarter worth approximately $43,215,000. Pictet Asset Management Ltd. boosted its stake in NXP Semiconductors by 14.8% in the 1st quarter. Pictet Asset Management Ltd. now owns 3,101,888 shares of the semiconductor provider’s stock worth $274,176,000 after purchasing an additional 400,506 shares during the period. Finally, First Trust Advisors LP boosted its stake in NXP Semiconductors by 28.9% in the 1st quarter. First Trust Advisors LP now owns 1,232,092 shares of the semiconductor provider’s stock worth $108,905,000 after purchasing an additional 276,400 shares during the period. Hedge funds and other institutional investors own 75.85% of the company’s stock.
A number of equities analysts recently commented on NXPI shares. Stifel Nicolaus set a $105.00 price objective on shares of NXP Semiconductors and gave the stock a “hold” rating in a research note on Wednesday, July 31st. BidaskClub raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. ValuEngine lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Bank of America reaffirmed a “buy” rating and issued a $125.00 price objective (up previously from $105.00) on shares of NXP Semiconductors in a research note on Wednesday, May 1st. Finally, Morgan Stanley raised their price objective on shares of NXP Semiconductors from $114.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $105.00.
NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Tuesday, July 30th. The semiconductor provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.52. NXP Semiconductors had a net margin of 23.10% and a return on equity of 22.22%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. On average, sell-side analysts anticipate that NXP Semiconductors NV will post 6.35 earnings per share for the current year.
In other NXP Semiconductors news, Chairman Peter L. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $98.36, for a total value of $983,600.00. Following the completion of the sale, the chairman now owns 24,404 shares in the company, valued at approximately $2,400,377.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
NXP Semiconductors Company 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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