Gilbert & Cook Inc. Takes Position in NXP Semiconductors NV (NASDAQ:NXPI)

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Gilbert & Cook Inc. purchased a new stake in NXP Semiconductors NV (NASDAQ:NXPI) during the third quarter, HoldingsChannel.com reports. The fund purchased 2,242 shares of the semiconductor provider’s stock, valued at approximately $245,000.

A number of other hedge funds also recently made changes to their positions in the stock. Boston Partners increased its position in NXP Semiconductors by 196.1% during the second quarter. Boston Partners now owns 5,020,470 shares of the semiconductor provider’s stock worth $490,104,000 after acquiring an additional 3,324,672 shares during the period. Point72 Asset Management L.P. increased its position in NXP Semiconductors by 221.9% during the second quarter. Point72 Asset Management L.P. now owns 2,747,433 shares of the semiconductor provider’s stock worth $268,177,000 after acquiring an additional 1,893,827 shares during the period. Nuveen Asset Management LLC increased its position in NXP Semiconductors by 581.2% during the second quarter. Nuveen Asset Management LLC now owns 2,665,036 shares of the semiconductor provider’s stock worth $260,134,000 after acquiring an additional 2,273,799 shares during the period. Southpoint Capital Advisors LP increased its position in NXP Semiconductors by 14.3% during the second quarter. Southpoint Capital Advisors LP now owns 2,000,000 shares of the semiconductor provider’s stock worth $195,220,000 after acquiring an additional 250,000 shares during the period. Finally, PointState Capital LP bought a new position in NXP Semiconductors during the second quarter worth $130,046,000. 74.41% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the stock. Raymond James started coverage on shares of NXP Semiconductors in a research report on Monday, August 19th. They set an “outperform” rating and a $115.00 target price on the stock. KeyCorp lifted their price target on shares of NXP Semiconductors from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Deutsche Bank lifted their price target on shares of NXP Semiconductors from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. SunTrust Banks lifted their price target on shares of NXP Semiconductors from $122.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, BidaskClub upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. NXP Semiconductors presently has an average rating of “Buy” and an average target price of $119.45.

In other NXP Semiconductors news, EVP Keith M. Shull sold 4,569 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $105.53, for a total transaction of $482,166.57. Following the completion of the sale, the executive vice president now directly owns 13,783 shares of the company’s stock, valued at approximately $1,454,519.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Keith M. Shull sold 4,196 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $108.14, for a total value of $453,755.44. Following the sale, the executive vice president now directly owns 9,587 shares of the company’s stock, valued at $1,036,738.18. The disclosure for this sale can be found here.

Shares of NASDAQ:NXPI traded up $0.22 on Friday, hitting $117.62. The stock had a trading volume of 2,067,100 shares, compared to its average volume of 3,645,941. The company has a market capitalization of $33.17 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. NXP Semiconductors NV has a twelve month low of $67.62 and a twelve month high of $120.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.54 and a current ratio of 1.90. The firm’s 50 day moving average price is $109.78 and its 200-day moving average price is $101.71.

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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