Xact Kapitalforvaltning AB boosted its stake in NXP Semiconductors NV (NASDAQ:NXPI) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,488 shares of the semiconductor provider’s stock after buying an additional 4,556 shares during the period. Xact Kapitalforvaltning AB’s holdings in NXP Semiconductors were worth $6,967,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Signaturefd LLC raised its holdings in NXP Semiconductors by 299.2% in the 2nd quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock worth $116,000 after acquiring an additional 796 shares during the last quarter. Princeton Capital Management LLC purchased a new position in NXP Semiconductors in the 2nd quarter worth approximately $127,000. Quantitative Systematic Strategies LLC purchased a new position in NXP Semiconductors in the 2nd quarter worth approximately $207,000. Qube Research & Technologies Ltd bought a new stake in NXP Semiconductors in the 2nd quarter worth approximately $208,000. Finally, Searle & CO. bought a new stake in NXP Semiconductors in the 3rd quarter worth approximately $214,000. Institutional investors and hedge funds own 83.81% of the company’s stock.
Shares of NXPI traded down $0.93 during trading hours on Friday, reaching $83.69. 3,507,978 shares of the stock traded hands, compared to its average volume of 6,627,177. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.87 and a current ratio of 1.22. NXP Semiconductors NV has a 52-week low of $69.72 and a 52-week high of $125.93. The stock has a market cap of $29.36 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90.
A number of research firms have commented on NXPI. Citigroup cut their target price on shares of NXP Semiconductors from $94.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 2nd. BMO Capital Markets lifted their target price on shares of NXP Semiconductors from $70.00 to $75.00 and gave the stock a “market perform” rating in a research report on Friday, November 2nd. Stifel Nicolaus reaffirmed a “sell” rating on shares of NXP Semiconductors in a research report on Thursday, November 1st. Cowen cut their price objective on shares of NXP Semiconductors from $114.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, November 2nd. Finally, Bank of America began coverage on shares of NXP Semiconductors in a research report on Friday, July 27th. They set a “neutral” rating and a $110.00 price objective for the company. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. NXP Semiconductors currently has an average rating of “Hold” and an average price target of $103.38.
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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; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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