Connor Clark & Lunn Investment Management Ltd. cut its stake in NXP Semiconductors NV (NASDAQ:NXPI) by 12.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,925 shares of the semiconductor provider’s stock after selling 29,325 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in NXP Semiconductors were worth $17,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. MML Investors Services LLC raised its holdings in NXP Semiconductors by 2.8% in the 4th quarter. MML Investors Services LLC now owns 4,936 shares of the semiconductor provider’s stock worth $362,000 after purchasing an additional 133 shares in the last quarter. Krane Funds Advisors LLC increased its stake in shares of NXP Semiconductors by 2.0% in the 1st quarter. Krane Funds Advisors LLC now owns 7,487 shares of the semiconductor provider’s stock worth $662,000 after acquiring an additional 146 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of NXP Semiconductors by 3.0% in the 4th quarter. Captrust Financial Advisors now owns 6,757 shares of the semiconductor provider’s stock worth $497,000 after acquiring an additional 199 shares in the last quarter. Utah Retirement Systems increased its stake in shares of NXP Semiconductors by 0.3% in the 4th quarter. Utah Retirement Systems now owns 64,174 shares of the semiconductor provider’s stock worth $4,703,000 after acquiring an additional 200 shares in the last quarter. Finally, Hancock Whitney Corp increased its stake in shares of NXP Semiconductors by 7.3% in the 4th quarter. Hancock Whitney Corp now owns 3,086 shares of the semiconductor provider’s stock worth $226,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Several brokerages recently issued reports on NXPI. BidaskClub upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Piper Jaffray Companies increased their price target on shares of NXP Semiconductors from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. ValuEngine upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Barclays reiterated a “buy” rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. Finally, Zacks Investment Research upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating and set a $109.00 price target for the company in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $99.42.

NASDAQ:NXPI opened at $93.64 on Thursday. The stock has a market cap of $31.78 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.18 and a beta of 1.16. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.04. NXP Semiconductors NV has a fifty-two week low of $67.62 and a fifty-two week high of $122.24.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.47. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.09 billion. NXP Semiconductors had a net margin of 23.06% and a return on equity of 18.33%. Equities research analysts expect that NXP Semiconductors NV will post 6.56 earnings per share for the current year.

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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; 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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