World Asset Management Inc Invests $678,000 in NXP Semiconductors N.V. (NASDAQ:NXPI)

World Asset Management Inc acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, Holdings Channel reports. The firm acquired 6,197 shares of the semiconductor provider’s stock, valued at approximately $678,000.

Several other large investors also recently made changes to their positions in the stock. ProVise Management Group LLC raised its stake in shares of NXP Semiconductors N.V. by 1.4% in the first quarter. ProVise Management Group LLC now owns 3,744 shares of the semiconductor provider’s stock worth $389,000 after buying an additional 52 shares during the period. Assetmark Inc. raised its stake in shares of NXP Semiconductors N.V. by 3.3% in the first quarter. Assetmark Inc. now owns 2,060 shares of the semiconductor provider’s stock worth $213,000 after buying an additional 66 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of NXP Semiconductors N.V. by 0.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 15,389 shares of the semiconductor provider’s stock worth $1,593,000 after buying an additional 100 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of NXP Semiconductors N.V. by 4.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,327 shares of the semiconductor provider’s stock worth $241,000 after buying an additional 109 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of NXP Semiconductors N.V. by 1.4% in the second quarter. Janney Montgomery Scott LLC now owns 12,569 shares of the semiconductor provider’s stock worth $1,376,000 after buying an additional 179 shares during the period. 75.97% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors N.V. (NASDAQ NXPI) opened at 112.98 on Wednesday. The firm has a 50 day moving average of $109.72 and a 200-day moving average of $105.49. NXP Semiconductors N.V. has a 12 month low of $80.13 and a 12 month high of $113.39. The firm has a market cap of $28.44 billion, a P/E ratio of 20.08 and a beta of 0.89.

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A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine lowered shares of NXP Semiconductors N.V. from a “buy” rating to a “hold” rating in a report on Tuesday. Nomura lowered shares of NXP Semiconductors N.V. from a “buy” rating to a “neutral” rating in a report on Monday, May 8th. BidaskClub lowered shares of NXP Semiconductors N.V. from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $110.00 price objective on shares of NXP Semiconductors N.V. in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $110.97.

About NXP Semiconductors N.V.

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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