State of Tennessee Treasury Department Lowers Stake in NXP Semiconductors NV (NXPI)

State of Tennessee Treasury Department cut its position in NXP Semiconductors NV (NASDAQ:NXPI) by 3.6% during the first quarter, Holdings Channel reports. The firm owned 510,991 shares of the semiconductor provider’s stock after selling 19,178 shares during the period. State of Tennessee Treasury Department’s holdings in NXP Semiconductors NV were worth $52,888,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NXPI. Synovus Financial Corp increased its position in NXP Semiconductors NV by 6,000.0% in the third quarter. Synovus Financial Corp now owns 1,220 shares of the semiconductor provider’s stock worth $124,000 after buying an additional 1,200 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in NXP Semiconductors NV by 13.6% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,832 shares of the semiconductor provider’s stock worth $180,000 after buying an additional 220 shares in the last quarter. Welch & Forbes LLC purchased a new position in NXP Semiconductors NV during the first quarter worth approximately $204,000. Pekin Singer Strauss Asset Management IL purchased a new position in NXP Semiconductors NV during the third quarter worth approximately $204,000. Finally, Boston Family Office LLC purchased a new position in NXP Semiconductors NV during the first quarter worth approximately $207,000. 80.30% of the stock is owned by institutional investors and hedge funds.

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

NXP Semiconductors NV (NASDAQ:NXPI) traded up 0.45% during midday trading on Friday, hitting $107.75. The stock had a trading volume of 2,773,353 shares. The firm has a market capitalization of $27.13 billion, a price-to-earnings ratio of 19.72 and a beta of 1.21. The firm has a 50-day moving average price of $105.31 and a 200-day moving average price of $101.25. NXP Semiconductors NV has a 1-year low of $73.62 and a 1-year high of $107.83.

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A number of equities analysts recently commented on NXPI shares. Zacks Investment Research upgraded NXP Semiconductors NV from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a report on Friday, February 10th. TheStreet downgraded NXP Semiconductors NV from a “b” rating to a “c+” rating in a report on Wednesday, February 8th. Morgan Stanley restated an “equal weight” rating and issued a $110.00 price objective on shares of NXP Semiconductors NV in a report on Tuesday, February 7th. Canaccord Genuity restated a “hold” rating and issued a $110.00 price objective on shares of NXP Semiconductors NV in a report on Tuesday, February 7th. Finally, Vetr downgraded NXP Semiconductors NV from a “buy” rating to a “hold” rating and set a $104.99 price objective on the stock. in a report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. NXP Semiconductors NV has an average rating of “Hold” and a consensus price target of $109.61.

NXP Semiconductors NV Company Profile

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.

5 Day Chart for NASDAQ:NXPI

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