OppenheimerFunds Inc. acquired a new stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 112,004 shares of the semiconductor provider’s stock, valued at approximately $13,114,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. lifted its stake in NXP Semiconductors by 0.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 135,800 shares of the semiconductor provider’s stock worth $15,358,000 after purchasing an additional 1,140 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in NXP Semiconductors during the third quarter worth $964,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in NXP Semiconductors by 3.1% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 46,800 shares of the semiconductor provider’s stock worth $5,293,000 after purchasing an additional 1,400 shares during the last quarter. Gabelli Funds LLC lifted its stake in NXP Semiconductors by 3.1% during the third quarter. Gabelli Funds LLC now owns 301,435 shares of the semiconductor provider’s stock worth $34,089,000 after purchasing an additional 8,965 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in NXP Semiconductors by 12.6% in the third quarter. Daiwa Securities Group Inc. now owns 10,250 shares of the semiconductor provider’s stock worth $1,159,000 after buying an additional 1,146 shares during the period. 82.82% of the stock is owned by hedge funds and other institutional investors.
NXPI has been the topic of a number of research analyst reports. BidaskClub lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Thursday, March 8th. ValuEngine upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Robert W. Baird restated a “hold” rating on shares of NXP Semiconductors in a research report on Friday, February 23rd. Jefferies Group restated a “hold” rating on shares of NXP Semiconductors in a research report on Tuesday, February 27th. Finally, Zacks Investment Research upgraded NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. NXP Semiconductors has an average rating of “Hold” and an average target price of $117.00.
Shares of NXP Semiconductors NV (NASDAQ:NXPI) traded down $0.72 during mid-day trading on Wednesday, reaching $121.91. The company had a trading volume of 5,641,948 shares, compared to its average volume of 4,034,387. The company has a current ratio of 2.22, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42. The firm has a market cap of $42,220.00, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 0.95 and a beta of 0.67. NXP Semiconductors NV has a twelve month low of $102.60 and a twelve month high of $125.93.
NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor provider reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $1.45. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.37 billion. NXP Semiconductors had a return on equity of 18.68% and a net margin of 23.93%. research analysts anticipate that NXP Semiconductors NV will post 6.51 EPS for the current year.
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About NXP Semiconductors
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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