NXP Semiconductors NV (NASDAQ:NXPI) Stake Lessened by Twin Capital Management Inc.

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Twin Capital Management Inc. cut its stake in NXP Semiconductors NV (NASDAQ:NXPI) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,360 shares of the semiconductor provider’s stock after selling 6,090 shares during the period. Twin Capital Management Inc.’s holdings in NXP Semiconductors were worth $6,770,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Covenant Multifamily Offices LLC purchased a new stake in NXP Semiconductors in the 1st quarter worth approximately $25,000. Global Trust Asset Management LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter worth approximately $26,000. Liberty Wealth Management LLC grew its position in shares of NXP Semiconductors by 5,050.0% during the 1st quarter. Liberty Wealth Management LLC now owns 309 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 303 shares during the period. Citizens Financial Group Inc RI grew its position in shares of NXP Semiconductors by 56.3% during the 1st quarter. Citizens Financial Group Inc RI now owns 358 shares of the semiconductor provider’s stock worth $32,000 after buying an additional 129 shares during the period. Finally, Essex Savings Bank acquired a new stake in shares of NXP Semiconductors during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Several brokerages have recently commented on NXPI. Bank of America reiterated a “buy” rating and set a $125.00 price target (up previously from $105.00) on shares of NXP Semiconductors in a research report on Wednesday, May 1st. Stifel Nicolaus set a $105.00 price objective on shares of NXP Semiconductors and gave the company a “hold” rating in a report on Wednesday, July 31st. Barclays restated a “buy” rating on shares of NXP Semiconductors in a report on Sunday, May 5th. Mizuho boosted their price objective on shares of NXP Semiconductors from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. NXP Semiconductors presently has a consensus rating of “Buy” and an average target price of $104.44.

In other news, Chairman Peter L. Bonfield sold 10,000 shares of the company’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 $2,400,377.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NXP Semiconductors stock traded down $0.29 on Thursday, hitting $99.70. The company had a trading volume of 108,842 shares, compared to its average volume of 3,724,072. The company has a market capitalization of $32.30 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.24 and a beta of 1.26. NXP Semiconductors NV has a twelve month low of $67.62 and a twelve month high of $108.51. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.82 and a quick ratio of 1.44. The company has a 50-day simple moving average of $99.20.

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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