Trillium Asset Management LLC Raises Position in NXP Semiconductors NV (NXPI)
Trillium Asset Management LLC raised its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 286,463 shares of the semiconductor provider’s stock after buying an additional 3,114 shares during the period. NXP Semiconductors NV comprises approximately 1.5% of Trillium Asset Management LLC’s investment portfolio, making the stock its 6th largest position. Trillium Asset Management LLC owned 0.11% of NXP Semiconductors NV worth $22,442,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Prudential Financial Inc. increased its position in NXP Semiconductors NV by 1,625.2% in the first quarter. Prudential Financial Inc. now owns 251,304 shares of the semiconductor provider’s stock worth $20,373,000 after buying an additional 236,737 shares during the period. Rehmann Capital Advisory Group increased its position in NXP Semiconductors NV by 16.6% in the first quarter. Rehmann Capital Advisory Group now owns 3,956 shares of the semiconductor provider’s stock worth $321,000 after buying an additional 562 shares during the period. Institutional Capital LLC purchased a new position in NXP Semiconductors NV during the first quarter worth $57,982,000. BlackRock Group LTD increased its position in NXP Semiconductors NV by 4.3% in the first quarter. BlackRock Group LTD now owns 1,647,391 shares of the semiconductor provider’s stock worth $133,554,000 after buying an additional 68,568 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in NXP Semiconductors NV by 3.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,062,138 shares of the semiconductor provider’s stock worth $167,178,000 after buying an additional 63,310 shares during the period. Institutional investors own 85.49% of the company’s stock.
Shares of NXP Semiconductors NV (NASDAQ:NXPI) traded up 0.46% during midday trading on Tuesday, reaching $103.23. The company’s stock had a trading volume of 5,728,708 shares. NXP Semiconductors NV has a 12-month low of $61.61 and a 12-month high of $105.00. The stock has a 50-day moving average of $87.08 and a 200 day moving average of $85.16. The firm has a market capitalization of $25.99 billion, a P/E ratio of 33.45 and a beta of 1.62.
NXP Semiconductors NV (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.04. NXP Semiconductors NV had a net margin of 11.95% and a return on equity of 14.34%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 57.0% on a year-over-year basis. Equities research analysts predict that NXP Semiconductors NV will post $5.75 EPS for the current fiscal year.
A number of research analysts have weighed in on NXPI shares. TheStreet downgraded NXP Semiconductors NV from a “buy” rating to a “hold” rating in a report on Friday, July 1st. SunTrust Banks Inc. reiterated a “buy” rating on shares of NXP Semiconductors NV in a report on Saturday. Bank of America Corp. downgraded NXP Semiconductors NV from a “buy” rating to a “neutral” rating in a report on Monday, June 27th. AlphaValue downgraded NXP Semiconductors NV to a “buy” rating in a report on Friday. Finally, Nomura reiterated a “buy” rating and set a $100.00 target price on shares of NXP Semiconductors NV in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $105.87.
About NXP Semiconductors NV
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company and a long-standing supplier. The Company provides high performance mixed signal and standard product solutions. The Company’s segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.
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