Vivaldi Asset Management LLC Buys 465,894 Shares of NXP Semiconductors N.V. (NXPI)
Vivaldi Asset Management LLC increased its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 221.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 676,426 shares of the semiconductor provider’s stock after buying an additional 465,894 shares during the quarter. NXP Semiconductors N.V. accounts for 8.6% of Vivaldi Asset Management LLC’s investment portfolio, making the stock its largest holding. Vivaldi Asset Management LLC owned 0.27% of NXP Semiconductors N.V. worth $74,035,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Northern Capital Management LLC bought a new stake in NXP Semiconductors N.V. during the second quarter worth $505,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in NXP Semiconductors N.V. by 44.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 285,336 shares of the semiconductor provider’s stock worth $31,230,000 after buying an additional 87,700 shares in the last quarter. Commerce Bank bought a new stake in NXP Semiconductors N.V. during the second quarter worth $213,000. Baldwin Investment Management LLC grew its holdings in NXP Semiconductors N.V. by 0.8% during the second quarter. Baldwin Investment Management LLC now owns 4,751 shares of the semiconductor provider’s stock worth $520,000 after buying an additional 39 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in NXP Semiconductors N.V. by 712.5% during the second quarter. Principal Financial Group Inc. now owns 176,973 shares of the semiconductor provider’s stock worth $19,369,000 after buying an additional 155,191 shares in the last quarter. Institutional investors and hedge funds own 78.85% of the company’s stock.
Shares of NXP Semiconductors N.V. (NASDAQ NXPI) traded down 0.05% during midday trading on Monday, reaching $112.90. The company had a trading volume of 1,229,832 shares. The stock has a 50-day moving average of $111.48 and a 200 day moving average of $107.44. The firm has a market capitalization of $28.42 billion, a price-to-earnings ratio of 20.05 and a beta of 0.89. NXP Semiconductors N.V. has a 52 week low of $80.13 and a 52 week high of $113.39.
Several brokerages recently issued reports on NXPI. BidaskClub upgraded NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. ValuEngine cut NXP Semiconductors N.V. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Mizuho reissued a “hold” rating and issued a $110.00 price objective on shares of NXP Semiconductors N.V. in a research report on Thursday, August 3rd. Morgan Stanley boosted their price objective on NXP Semiconductors N.V. from $110.00 to $117.50 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research raised NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $110.97.
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NXP Semiconductors N.V. Profile
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.
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