Smith Salley & Associates bought a new position in shares of NXP Semiconductors NV (NASDAQ:NXPI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,391 shares of the semiconductor provider’s stock, valued at approximately $3,367,000.
Other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its holdings in NXP Semiconductors by 18.3% in the second quarter. State of Alaska Department of Revenue now owns 42,810 shares of the semiconductor provider’s stock valued at $4,676,000 after purchasing an additional 6,610 shares during the period. Xact Kapitalforvaltning AB increased its holdings in NXP Semiconductors by 18.7% in the second quarter. Xact Kapitalforvaltning AB now owns 76,932 shares of the semiconductor provider’s stock valued at $8,406,000 after purchasing an additional 12,127 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in NXP Semiconductors by 32.1% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,665 shares of the semiconductor provider’s stock valued at $10,890,000 after purchasing an additional 24,220 shares during the period. Franklin Street Advisors Inc. NC acquired a new stake in NXP Semiconductors in the second quarter valued at $8,429,000. Finally, Mutual of Omaha Bank Wealth Management acquired a new stake in NXP Semiconductors in the second quarter valued at $464,000. 83.81% of the stock is owned by institutional investors and hedge funds.
Shares of NXP Semiconductors stock opened at $83.69 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 0.87. NXP Semiconductors NV has a 1-year low of $69.72 and a 1-year 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 analysts recently weighed in on NXPI shares. Deutsche Bank upgraded NXP Semiconductors from a “hold” rating to a “buy” rating and decreased their price objective for the company from $127.50 to $107.00 in a report on Thursday, July 26th. SunTrust Banks upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating in a report on Friday, July 27th. Jefferies Financial Group upgraded NXP Semiconductors from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Friday, July 27th. Finally, Zacks Investment Research upgraded NXP Semiconductors from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Friday, August 3rd. Three analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price 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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