QS Investors LLC cut its holdings in NXP Semiconductors (NASDAQ:NXPI) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,737 shares of the semiconductor provider’s stock after selling 500 shares during the quarter. QS Investors LLC’s holdings in NXP Semiconductors were worth $555,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. EnTrustPermal Partners Offshore LP acquired a new stake in NXP Semiconductors during the 4th quarter worth about $7,459,000. Kemnay Advisory Services Inc. grew its stake in NXP Semiconductors by 4.1% during the 4th quarter. Kemnay Advisory Services Inc. now owns 42,064 shares of the semiconductor provider’s stock valued at $4,925,000 after acquiring an additional 1,667 shares in the last quarter. Caxton Associates LP grew its stake in NXP Semiconductors by 83.4% during the 4th quarter. Caxton Associates LP now owns 14,306 shares of the semiconductor provider’s stock valued at $1,675,000 after acquiring an additional 6,506 shares in the last quarter. Advisor Group Inc. grew its stake in NXP Semiconductors by 23.7% during the 4th quarter. Advisor Group Inc. now owns 9,844 shares of the semiconductor provider’s stock valued at $1,153,000 after acquiring an additional 1,889 shares in the last quarter. Finally, Granite Springs Asset Management LLC bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $316,000. Hedge funds and other institutional investors own 82.62% of the company’s stock.
Shares of NASDAQ:NXPI traded down $0.73 during mid-day trading on Friday, reaching $113.44. 6,605,551 shares of the stock were exchanged, compared to its average volume of 4,196,029. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.77 and a current ratio of 2.22. The company has a market cap of $39,233.95, a PE ratio of 15.80, a PEG ratio of 0.88 and a beta of 0.77. NXP Semiconductors has a one year low of $103.16 and a one year high of $125.93.
NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor provider reported $3.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $1.45. NXP Semiconductors had a return on equity of 18.68% and a net margin of 23.93%. The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.37 billion. research analysts predict that NXP Semiconductors will post 6.52 earnings per share for the current fiscal year.
A number of brokerages have recently commented on NXPI. BidaskClub upgraded NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. Zacks Investment Research lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Mizuho restated a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors in a research note on Thursday, February 8th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $130.00 price target (up from $110.00) on shares of NXP Semiconductors in a research report on Thursday, February 1st. Finally, Deutsche Bank assumed coverage on NXP Semiconductors in a research report on Thursday, March 15th. They issued a “hold” rating and a $127.50 price target on the stock. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $119.71.
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About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. It offers products for audio and visual head-end unit applications, such as single-chip radio solutions, audio amplifiers and power analog products, and i.MX applications processors; and in-vehicle networking products, two-way secure entry products, and various sensors and microcontrollers, as well as power management solutions.
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