NXP Semiconductors (NXPI) Position Cut by FIL Ltd

FIL Ltd lowered its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 70.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 282,719 shares of the semiconductor provider’s stock after selling 688,612 shares during the quarter. FIL Ltd’s holdings in NXP Semiconductors were worth $33,078,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of NXP Semiconductors by 1.9% in the 4th quarter. BlackRock Inc. now owns 19,595,554 shares of the semiconductor provider’s stock worth $2,294,444,000 after buying an additional 366,810 shares during the period. HBK Investments L P lifted its holdings in shares of NXP Semiconductors by 3.7% in the 4th quarter. HBK Investments L P now owns 14,858,400 shares of the semiconductor provider’s stock worth $1,739,770,000 after buying an additional 524,967 shares during the period. Farallon Capital Management LLC lifted its holdings in shares of NXP Semiconductors by 1.2% in the 4th quarter. Farallon Capital Management LLC now owns 7,815,000 shares of the semiconductor provider’s stock worth $915,058,000 after buying an additional 90,000 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of NXP Semiconductors by 71.7% in the 1st quarter. Hsbc Holdings PLC now owns 7,508,068 shares of the semiconductor provider’s stock worth $878,444,000 after buying an additional 3,135,818 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of NXP Semiconductors by 35.5% in the 4th quarter. Renaissance Technologies LLC now owns 3,251,504 shares of the semiconductor provider’s stock worth $380,719,000 after acquiring an additional 852,289 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

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NXPI has been the subject of several recent research reports. Morgan Stanley initiated coverage on NXP Semiconductors in a research report on Monday, March 19th. They issued an “equal weight” rating and a $127.50 price target for the company. Mizuho reissued a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors in a research report on Thursday, February 8th. Citigroup initiated coverage on NXP Semiconductors in a research report on Thursday, April 12th. They issued a “neutral” rating and a $127.50 price target for the company. SunTrust Banks boosted their price target on NXP Semiconductors to $127.50 and gave the stock a “hold” rating in a research report on Tuesday, February 20th. Finally, Deutsche Bank initiated coverage on NXP Semiconductors in a research report on Thursday, March 15th. They issued a “hold” rating and a $127.50 price target for the company. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. NXP Semiconductors has a consensus rating of “Hold” and an average price target of $120.42.

Shares of NXP Semiconductors opened at $120.07 on Friday, MarketBeat.com reports. NXP Semiconductors has a 1 year low of $90.83 and a 1 year high of $125.93. The stock has a market cap of $39.35 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 0.95 and a beta of 0.81. The company has a current ratio of 2.07, a quick ratio of 1.68 and a debt-to-equity ratio of 0.38.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, May 2nd. The semiconductor provider reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.55). NXP Semiconductors had a net margin of 10.39% and a return on equity of 16.51%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.35 billion. research analysts expect that NXP Semiconductors will post 6 EPS for the current fiscal year.

About NXP Semiconductors

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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