Todd Asset Management LLC acquired a new position in shares of NXP Semiconductors NV (NASDAQ:NXPI) during the 1st quarter, Holdings Channel reports. The fund acquired 167,802 shares of the semiconductor provider’s stock, valued at approximately $14,833,000.

Other large investors have also bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of NXP Semiconductors by 11.2% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 85,862 shares of the semiconductor provider’s stock valued at $7,589,000 after purchasing an additional 8,662 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of NXP Semiconductors by 7.8% during the first quarter. New York State Common Retirement Fund now owns 1,238,206 shares of the semiconductor provider’s stock valued at $109,445,000 after purchasing an additional 89,675 shares during the last quarter. Payden & Rygel purchased a new position in shares of NXP Semiconductors during the first quarter valued at approximately $19,251,000. Stratos Wealth Partners LTD. purchased a new position in shares of NXP Semiconductors during the first quarter valued at approximately $233,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of NXP Semiconductors by 4.7% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,667 shares of the semiconductor provider’s stock valued at $2,003,000 after purchasing an additional 1,022 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on NXPI shares. Needham & Company LLC reissued a “buy” rating and set a $95.00 price objective on shares of NXP Semiconductors in a report on Thursday, January 24th. Deutsche Bank boosted their price objective on shares of NXP Semiconductors from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Mizuho cut shares of NXP Semiconductors from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $99.00 to $95.00 in a report on Friday, February 8th. TheStreet raised shares of NXP Semiconductors from a “c+” rating to a “b-” rating in a report on Wednesday, February 13th. Finally, BidaskClub cut shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. NXP Semiconductors has an average rating of “Hold” and a consensus target price of $99.42.

NXPI stock traded down $1.73 during midday trading on Wednesday, reaching $94.95. 75,079 shares of the company’s stock traded hands, compared to its average volume of 3,960,807. NXP Semiconductors NV has a 52-week low of $67.62 and a 52-week high of $122.24. The stock has a market cap of $31.32 billion, a P/E ratio of 16.01, a P/E/G ratio of 1.16 and a beta of 1.16. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, April 29th. The semiconductor provider reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.47. NXP Semiconductors had a net margin of 23.06% and a return on equity of 18.33%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.09 billion. As a group, equities analysts forecast that NXP Semiconductors NV will post 6.56 earnings per share for the current year.

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NXP Semiconductors Company 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; battery cell controllers; 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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