Pennsylvania Trust Co boosted its holdings in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 6.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,920 shares of the semiconductor provider’s stock after purchasing an additional 1,160 shares during the period. Pennsylvania Trust Co’s holdings in NXP Semiconductors were worth $1,944,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Covenant Multifamily Offices LLC bought a new stake in NXP Semiconductors during the 1st quarter worth about $25,000. Liberty Wealth Management LLC increased its stake in shares of NXP Semiconductors by 5,050.0% during the 1st quarter. Liberty Wealth Management LLC now owns 309 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 303 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in shares of NXP Semiconductors by 56.3% during the 1st quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock worth $32,000 after purchasing an additional 129 shares during the last quarter. Pinnacle Bank acquired a new position in shares of NXP Semiconductors during the 4th quarter worth about $33,000. Finally, Essex Savings Bank acquired a new position in shares of NXP Semiconductors during the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 76.02% of the company’s stock.
In other news, Chairman Peter L. Bonfield sold 10,000 shares of NXP Semiconductors stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $98.36, for a total value of $983,600.00. Following the completion of the transaction, the chairman now owns 24,404 shares in the company, valued at $2,400,377.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Several research analysts have recently weighed in on NXPI shares. BidaskClub lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Tuesday. Mizuho upped their price target on shares of NXP Semiconductors from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Evercore ISI raised shares of NXP Semiconductors from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $110.00 to $125.00 in a report on Monday, July 29th. Barclays reissued a “buy” rating on shares of NXP Semiconductors in a report on Sunday, May 5th. Finally, Bank of America reaffirmed a “buy” rating and set a $125.00 price target (up previously from $105.00) on shares of NXP Semiconductors in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $104.44.
NXPI opened at $99.88 on Friday. NXP Semiconductors NV has a fifty-two week low of $67.62 and a fifty-two week high of $108.51. The firm’s 50-day moving average price is $98.99. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.82 and a quick ratio of 1.44. The company has a market capitalization of $33.65 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 1.29 and a beta of 1.26.
NXP Semiconductors 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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