Opera Trading Capital purchased a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,735 shares of the semiconductor provider’s stock, valued at approximately $2,926,000.
Other hedge funds also recently modified their holdings of the company. NF Trinity Capital Hong Kong Ltd increased its stake in NXP Semiconductors N.V. by 135.5% in the first quarter. NF Trinity Capital Hong Kong Ltd now owns 150,000 shares of the semiconductor provider’s stock valued at $170,000 after buying an additional 86,296 shares during the period. Welch & Forbes LLC acquired a new stake in NXP Semiconductors N.V. during the first quarter valued at $204,000. Boston Family Office LLC acquired a new stake in NXP Semiconductors N.V. during the first quarter valued at $207,000. AQR Capital Management LLC acquired a new stake in NXP Semiconductors N.V. during the fourth quarter valued at $210,000. Finally, Assetmark Inc. increased its stake in NXP Semiconductors N.V. by 3.3% in the first quarter. Assetmark Inc. now owns 2,060 shares of the semiconductor provider’s stock valued at $213,000 after buying an additional 66 shares during the period. Institutional investors own 76.83% of the company’s stock.
NXP Semiconductors N.V. (NXPI) traded up 0.61% during trading on Tuesday, reaching $111.00. The company’s stock had a trading volume of 2,317,703 shares. NXP Semiconductors N.V. has a 1-year low of $80.13 and a 1-year high of $111.02. The stock has a market capitalization of $27.94 billion, a PE ratio of 20.32 and a beta of 0.90. The stock has a 50 day moving average price of $109.45 and a 200 day moving average price of $105.27.
Several research firms have recently weighed in on NXPI. BidaskClub upgraded NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a research report on Monday. ValuEngine upgraded NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reiterated a “hold” rating and set a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Monday, July 10th. Nomura downgraded NXP Semiconductors N.V. from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $110.53.
NXP Semiconductors N.V. Company Profile
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.
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