Cowen Inc. increased its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 160.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,916,094 shares of the semiconductor provider’s stock after buying an additional 1,797,529 shares during the quarter. NXP Semiconductors makes up 11.7% of Cowen Inc.’s holdings, making the stock its 2nd biggest position. Cowen Inc. owned about 0.86% of NXP Semiconductors worth $329,781,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXPI. BlackRock Inc. raised its stake in NXP Semiconductors by 59.4% in the 2nd quarter. BlackRock Inc. now owns 18,896,814 shares of the semiconductor provider’s stock valued at $2,068,256,000 after acquiring an additional 7,044,701 shares during the period. Elliott Management Corp bought a new stake in NXP Semiconductors in the 2nd quarter valued at $1,354,313,000. Farallon Capital Management LLC raised its stake in NXP Semiconductors by 31.0% in the 2nd quarter. Farallon Capital Management LLC now owns 6,425,000 shares of the semiconductor provider’s stock valued at $703,216,000 after acquiring an additional 1,520,000 shares during the period. York Capital Management Global Advisors LLC raised its stake in NXP Semiconductors by 68.5% in the 2nd quarter. York Capital Management Global Advisors LLC now owns 5,377,282 shares of the semiconductor provider’s stock valued at $588,543,000 after acquiring an additional 2,186,645 shares during the period. Finally, FIL Ltd raised its stake in NXP Semiconductors by 13.0% in the 2nd quarter. FIL Ltd now owns 4,413,381 shares of the semiconductor provider’s stock valued at $483,045,000 after acquiring an additional 506,911 shares during the period. 82.72% of the stock is owned by institutional investors.

NXP Semiconductors N.V. (NXPI) opened at $114.33 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.59 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $38,564.55, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 0.99 and a beta of 0.82. NXP Semiconductors N.V. has a 12-month low of $96.00 and a 12-month high of $118.20.

A number of research firms recently weighed in on NXPI. BidaskClub upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors in a research note on Wednesday, October 4th. Mizuho restated a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors in a research note on Wednesday, October 4th. Jefferies Group set a $110.00 price target on NXP Semiconductors and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Robert W. Baird reiterated a “hold” rating and set a $110.00 price objective on shares of NXP Semiconductors in a research report on Friday, October 27th. Seventeen analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $112.57.

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NXP Semiconductors 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.

Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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