BB&T Securities LLC trimmed its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,160 shares of the semiconductor provider’s stock after selling 838 shares during the quarter. BB&T Securities LLC’s holdings in NXP Semiconductors were worth $11,533,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of NXPI. Boston Partners bought a new stake in NXP Semiconductors during the first quarter worth about $149,891,000. Robecosam AG bought a new stake in NXP Semiconductors during the second quarter worth about $43,215,000. Pictet Asset Management Ltd. grew its stake in NXP Semiconductors by 14.8% during the first quarter. Pictet Asset Management Ltd. now owns 3,101,888 shares of the semiconductor provider’s stock worth $274,176,000 after buying an additional 400,506 shares during the last quarter. First Trust Advisors LP grew its stake in NXP Semiconductors by 28.9% during the first quarter. First Trust Advisors LP now owns 1,232,092 shares of the semiconductor provider’s stock worth $108,905,000 after buying an additional 276,400 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in NXP Semiconductors by 14.8% during the fourth quarter. Geode Capital Management LLC now owns 1,845,502 shares of the semiconductor provider’s stock worth $134,797,000 after buying an additional 238,164 shares during the last quarter. 75.85% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Chairman Peter L. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $98.36, for a total value of $983,600.00. Following the transaction, the chairman now directly owns 24,404 shares in the company, valued at $2,400,377.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several brokerages have weighed in on NXPI. Barclays reaffirmed a “buy” rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. Bank of America reaffirmed a “buy” rating and set a $125.00 price objective (up from $105.00) on shares of NXP Semiconductors in a research note on Wednesday, May 1st. Loop Capital began coverage on shares of NXP Semiconductors in a research note on Wednesday. They set a “buy” rating on the stock. ValuEngine cut shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus set a $105.00 price objective on shares of NXP Semiconductors and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. NXP Semiconductors currently has an average rating of “Buy” and an average target price of $105.00.
Shares of NXPI stock opened at $100.28 on Thursday. NXP Semiconductors NV has a 1 year low of $67.62 and a 1 year high of $108.51. The firm’s 50 day moving average is $100.20 and its 200-day moving average is $96.50. The firm has a market capitalization of $32.21 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.23 and a beta of 1.26. The company has a current ratio of 1.82, a quick ratio of 1.44 and a debt-to-equity ratio of 0.79.
NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Tuesday, July 30th. The semiconductor provider reported $2.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.52. NXP Semiconductors had a net margin of 23.10% and a return on equity of 22.22%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.20 billion. On average, equities research analysts forecast that NXP Semiconductors NV will post 6.35 earnings per share for the current fiscal year.
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.
Recommended Story: Is the QQQ ETF safe?
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).
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.