Utah Retirement Systems acquired a new stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 60,874 shares of the semiconductor provider’s stock, valued at approximately $6,663,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in NXP Semiconductors NV by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,273 shares of the semiconductor provider’s stock valued at $1,007,000 after buying an additional 460 shares during the period. Consolidated Investment Group LLC raised its stake in NXP Semiconductors NV by 357.3% in the first quarter. Consolidated Investment Group LLC now owns 57,979 shares of the semiconductor provider’s stock valued at $6,001,000 after buying an additional 45,300 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in NXP Semiconductors NV by 0.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 33,015 shares of the semiconductor provider’s stock valued at $3,417,000 after buying an additional 296 shares in the last quarter. Welch & Forbes LLC acquired a new stake in NXP Semiconductors NV during the first quarter valued at approximately $204,000. Finally, Conning Inc. acquired a new stake in NXP Semiconductors NV during the first quarter valued at approximately $837,000. Institutional investors and hedge funds own 75.01% of the company’s stock.
NXP Semiconductors NV (NASDAQ NXPI) opened at 112.23 on Friday. The firm has a market capitalization of $28.25 billion, a price-to-earnings ratio of 19.93 and a beta of 0.89. NXP Semiconductors NV has a 1-year low of $80.13 and a 1-year high of $113.39. The company has a 50-day moving average of $111.01 and a 200-day moving average of $107.05.
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NXPI has been the subject of several recent research reports. Zacks Investment Research lowered shares of NXP Semiconductors NV from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Deutsche Bank AG downgraded shares of NXP Semiconductors NV from a “buy” rating to a “hold” rating and set a $110.00 price target for the company. in a research report on Monday, June 19th. Instinet downgraded shares of NXP Semiconductors NV from a “buy” rating to a “neutral” rating and set a $110.00 price target for the company. in a research report on Monday, May 8th. Stifel Nicolaus restated a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors NV in a research report on Tuesday, July 4th. Finally, Drexel Hamilton restated a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors NV in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, three have assigned 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 price target of $110.97.
About NXP Semiconductors NV
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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