Tower Bridge Advisors lowered its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 21.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,900 shares of the semiconductor provider’s stock after selling 4,600 shares during the period. Tower Bridge Advisors’ holdings in NXP Semiconductors NV were worth $1,749,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NXPI. Synovus Financial Corp raised its position in shares of NXP Semiconductors NV by 6,000.0% in the third quarter. Synovus Financial Corp now owns 1,220 shares of the semiconductor provider’s stock valued at $124,000 after buying an additional 1,200 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in NXP Semiconductors NV by 13.6% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,832 shares of the semiconductor provider’s stock worth $180,000 after buying an additional 220 shares during the period. Pekin Singer Strauss Asset Management IL bought a new position in NXP Semiconductors NV during the third quarter worth $204,000. Welch & Forbes LLC bought a new position in NXP Semiconductors NV during the first quarter worth $204,000. Finally, AQR Capital Management LLC bought a new position in NXP Semiconductors NV during the fourth quarter worth $210,000. 80.30% of the stock is owned by institutional investors and hedge funds.
NXP Semiconductors NV (NASDAQ:NXPI) traded up 0.45% on Friday, reaching $107.75. The company had a trading volume of 2,773,353 shares. The firm has a market capitalization of $27.13 billion, a P/E ratio of 19.72 and a beta of 1.21. The company’s 50-day moving average price is $105.31 and its 200 day moving average price is $101.25. NXP Semiconductors NV has a 1-year low of $73.62 and a 1-year high of $107.83.
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A number of research firms recently weighed in on NXPI. Instinet lowered NXP Semiconductors NV from a “buy” rating to a “neutral” rating in a research report on Monday. Zacks Investment Research downgraded NXP Semiconductors NV from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Nomura downgraded NXP Semiconductors NV from a “buy” rating to a “neutral” rating in a research note on Monday, May 8th. Finally, Needham & Company LLC reiterated a “strong-buy” rating and set a $110.00 target price on shares of NXP Semiconductors NV in a research note on Wednesday, March 8th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. NXP Semiconductors NV currently has a consensus rating of “Hold” and a consensus price target of $109.61.
NXP Semiconductors NV 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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