Gamco Investors INC. ET AL Sells 2,205 Shares of NXP Semiconductors NV (NASDAQ:NXPI)

Gamco Investors INC. ET AL lessened its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,105 shares of the semiconductor provider’s stock after selling 2,205 shares during the period. Gamco Investors INC. ET AL’s holdings in NXP Semiconductors were worth $1,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westwood Holdings Group Inc. bought a new stake in NXP Semiconductors in the second quarter worth $25,000. Next Capital Management LLC bought a new stake in NXP Semiconductors in the second quarter worth $26,000. Global Trust Asset Management LLC bought a new stake in NXP Semiconductors in the second quarter worth $26,000. Cornerstone Advisors Inc. increased its position in NXP Semiconductors by 55.8% in the second quarter. Cornerstone Advisors Inc. now owns 374 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 134 shares during the last quarter. Finally, Prestige Wealth Management Group LLC bought a new stake in NXP Semiconductors in the second quarter worth $39,000. Institutional investors own 74.41% of the company’s stock.

In other news, EVP Keith M. Shull sold 4,569 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $105.53, for a total transaction of $482,166.57. Following the transaction, the executive vice president now owns 13,783 shares in the company, valued at $1,454,519.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Keith M. Shull sold 4,196 shares of the company’s stock in a transaction dated 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.

NASDAQ:NXPI traded up $0.22 during mid-day trading on Friday, reaching $117.62. The company’s stock had a trading volume of 2,067,100 shares, compared to its average volume of 3,645,941. NXP Semiconductors NV has a 1 year low of $67.62 and a 1 year high of $120.03. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $33.17 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. The stock has a fifty day moving average of $109.78 and a 200-day moving average of $101.71.

Several equities research analysts recently weighed in on NXPI shares. KeyCorp boosted their price target on shares of NXP Semiconductors from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. TheStreet cut shares of NXP Semiconductors from a “b” rating to a “c+” rating in a research report on Tuesday, October 29th. BMO Capital Markets lifted their price objective on shares of NXP Semiconductors to $115.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price objective on shares of NXP Semiconductors from $115.00 to $121.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, SunTrust Banks lifted their price objective on shares of NXP Semiconductors from $122.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. NXP Semiconductors presently has a consensus rating of “Buy” and an average price target of $119.45.

About NXP Semiconductors

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.

Further Reading: Investing in Dividend Stocks

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors NV (NASDAQ:NXPI).

Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply