Wolverine Asset Management LLC lowered its stake in NXP Semiconductors NV (NASDAQ:NXPI) by 73.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,981 shares of the semiconductor provider’s stock after selling 38,975 shares during the quarter. Wolverine Asset Management LLC’s holdings in NXP Semiconductors were worth $1,637,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Caxton Associates LP lifted its holdings in NXP Semiconductors by 83.4% in the fourth quarter. Caxton Associates LP now owns 14,306 shares of the semiconductor provider’s stock worth $1,675,000 after purchasing an additional 6,506 shares during the period. Advisor Group Inc. lifted its holdings in NXP Semiconductors by 23.7% in the fourth quarter. Advisor Group Inc. now owns 9,844 shares of the semiconductor provider’s stock worth $1,153,000 after purchasing an additional 1,889 shares during the period. Granite Springs Asset Management LLC acquired a new stake in NXP Semiconductors in the fourth quarter worth about $316,000. 13D Management LLC lifted its holdings in NXP Semiconductors by 4.3% in the fourth quarter. 13D Management LLC now owns 113,034 shares of the semiconductor provider’s stock worth $13,235,000 after purchasing an additional 4,709 shares during the period. Finally, Folger Hill Asset Management LP lifted its holdings in NXP Semiconductors by 55.6% in the fourth quarter. Folger Hill Asset Management LP now owns 350,000 shares of the semiconductor provider’s stock worth $40,982,000 after purchasing an additional 125,000 shares during the period. 82.82% of the stock is owned by institutional investors and hedge funds.
Shares of NXP Semiconductors NV (NASDAQ:NXPI) opened at $123.58 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.77 and a current ratio of 2.22. The stock has a market capitalization of $42,790.00, a PE ratio of 19.26, a price-to-earnings-growth ratio of 0.95 and a beta of 0.67. NXP Semiconductors NV has a twelve month low of $102.60 and a twelve month high of $125.93.
Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $130.00 price objective (up previously from $110.00) on shares of NXP Semiconductors in a report on Thursday, February 1st. Robert W. Baird reaffirmed a “hold” rating on shares of NXP Semiconductors in a report on Friday, February 23rd. Mizuho reissued a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors in a report on Thursday, February 8th. Finally, Zacks Investment Research downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $117.00.
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About NXP Semiconductors
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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