Synovus Financial Corp Buys Shares of 866 NXP Semiconductors (NXPI)

Synovus Financial Corp bought a new position in NXP Semiconductors (NASDAQ:NXPI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 866 shares of the semiconductor provider’s stock, valued at approximately $101,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. lifted its holdings in NXP Semiconductors by 1.9% in the fourth quarter. BlackRock Inc. now owns 19,595,554 shares of the semiconductor provider’s stock worth $2,294,444,000 after acquiring an additional 366,810 shares during the last quarter. HBK Investments L P lifted its holdings in NXP Semiconductors by 3.7% in the fourth quarter. HBK Investments L P now owns 14,858,400 shares of the semiconductor provider’s stock worth $1,739,770,000 after acquiring an additional 524,967 shares during the last quarter. Farallon Capital Management LLC lifted its holdings in NXP Semiconductors by 1.2% in the fourth quarter. Farallon Capital Management LLC now owns 7,815,000 shares of the semiconductor provider’s stock worth $915,058,000 after acquiring an additional 90,000 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of NXP Semiconductors by 35.5% during the fourth quarter. Renaissance Technologies LLC now owns 3,251,504 shares of the semiconductor provider’s stock valued at $380,719,000 after buying an additional 852,289 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of NXP Semiconductors by 14.0% during the first quarter. Swiss National Bank now owns 1,705,329 shares of the semiconductor provider’s stock valued at $199,523,000 after buying an additional 209,800 shares during the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ NXPI opened at $111.02 on Monday. NXP Semiconductors has a 12 month low of $90.83 and a 12 month high of $125.93. The company has a current ratio of 2.07, a quick ratio of 1.68 and a debt-to-equity ratio of 0.38. The company has a market cap of $38.15 billion, a P/E ratio of 17.40, a P/E/G ratio of 0.93 and a beta of 0.81.

A number of equities research analysts have recently weighed in on the company. ValuEngine raised NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Monday, May 14th. Zacks Investment Research cut NXP Semiconductors from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 9th. Stifel Nicolaus cut their price target on NXP Semiconductors from $127.50 to $102.00 and set a “hold” rating on the stock in a report on Friday, May 4th. Mizuho reaffirmed a “hold” rating on shares of NXP Semiconductors in a report on Thursday, May 3rd. Finally, Drexel Hamilton raised NXP Semiconductors from a “hold” rating to a “buy” rating and lifted their price target for the company from $110.00 to $127.50 in a report on Thursday, May 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $120.42.

NXP Semiconductors Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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