First Trust Advisors LP grew its holdings in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 0.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,175,603 shares of the semiconductor provider’s stock after buying an additional 6,372 shares during the period. First Trust Advisors LP owned 0.42% of NXP Semiconductors worth $128,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Westwood Holdings Group Inc. acquired a new position in NXP Semiconductors during the 2nd quarter worth approximately $25,000. Global Trust Asset Management LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth $26,000. Next Capital Management LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth $26,000. Cornerstone Advisors Inc. increased its holdings in shares of NXP Semiconductors by 55.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 374 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 134 shares during the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth $39,000. 74.41% of the stock is owned by institutional investors.
In other NXP Semiconductors news, EVP Keith M. Shull sold 4,569 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $105.53, for a total value of $482,166.57. Following the sale, the executive vice president now owns 13,783 shares in the company, valued at $1,454,519.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Keith M. Shull sold 4,196 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $108.14, for a total transaction of $453,755.44. Following the transaction, the executive vice president now owns 9,587 shares in the company, valued at approximately $1,036,738.18. The disclosure for this sale can be found here.
Shares of NASDAQ:NXPI traded up $0.22 during trading hours on Friday, hitting $117.62. The stock had a trading volume of 2,067,110 shares, compared to its average volume of 3,645,941. The stock’s fifty day simple moving average is $109.61 and its 200 day simple moving average is $101.62. NXP Semiconductors NV has a 1-year low of $67.62 and a 1-year high of $120.03. The firm has a market capitalization of $33.17 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.54 and a current ratio of 1.90.
NXPI has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price target on shares of NXP Semiconductors in a report on Tuesday, October 29th. ValuEngine raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Zacks Investment Research raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Tuesday. Piper Jaffray Companies set a $120.00 price objective on shares of NXP Semiconductors and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Raymond James started coverage on shares of NXP Semiconductors in a research report on Monday, August 19th. They issued an “outperform” rating and a $115.00 price objective for the company. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. NXP Semiconductors has an average rating of “Buy” and an average price target of $119.45.
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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