Wrapmanager Inc. cut its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 4.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,462 shares of the semiconductor provider’s stock after selling 178 shares during the period. Wrapmanager Inc.’s holdings in NXP Semiconductors were worth $338,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Balter Liquid Alternatives LLC grew its stake in NXP Semiconductors by 109.1% during the second quarter. Balter Liquid Alternatives LLC now owns 24,489 shares of the semiconductor provider’s stock worth $2,390,000 after buying an additional 12,777 shares in the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of NXP Semiconductors by 38.6% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 5,345 shares of the semiconductor provider’s stock valued at $522,000 after purchasing an additional 1,488 shares in the last quarter. Signaturefd LLC boosted its stake in shares of NXP Semiconductors by 11.7% in the 2nd quarter. Signaturefd LLC now owns 2,274 shares of the semiconductor provider’s stock valued at $222,000 after purchasing an additional 238 shares in the last quarter. Cutter & CO Brokerage Inc. acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $531,000. Finally, Advisor Group Inc. boosted its stake in shares of NXP Semiconductors by 10.1% in the 2nd quarter. Advisor Group Inc. now owns 16,176 shares of the semiconductor provider’s stock valued at $1,579,000 after purchasing an additional 1,479 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Morgan Stanley raised their price target on shares of NXP Semiconductors from $114.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Barclays restated a “buy” rating on shares of NXP Semiconductors in a research note on Sunday, May 5th. BidaskClub downgraded shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, Mizuho raised their price target on shares of NXP Semiconductors from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, seven 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 an average rating of “Buy” and an average price target of $104.44.

In related news, Chairman Peter L. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $98.36, for a total value of $983,600.00. Following the completion of the transaction, the chairman now owns 24,404 shares in the company, valued at approximately $2,400,377.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NASDAQ NXPI opened at $100.04 on Thursday. The firm has a 50 day simple moving average of $99.20. The company has a market cap of $32.30 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.24 and a beta of 1.26. NXP Semiconductors NV has a 1 year low of $67.62 and a 1 year high of $108.51. The company has a current ratio of 1.82, a quick ratio of 1.44 and a debt-to-equity ratio of 0.79.

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; 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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