Alpine Associates Management Inc. decreased its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 37.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,376,670 shares of the semiconductor provider’s stock after selling 821,140 shares during the quarter. NXP Semiconductors accounts for about 4.6% of Alpine Associates Management Inc.’s holdings, making the stock its 4th biggest holding. Alpine Associates Management Inc.’s holdings in NXP Semiconductors were worth $146,862,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in NXP Semiconductors by 1.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,464 shares of the semiconductor provider’s stock worth $4,531,000 after purchasing an additional 629 shares during the period. ClariVest Asset Management LLC lifted its holdings in NXP Semiconductors by 50.2% in the first quarter. ClariVest Asset Management LLC now owns 1,952 shares of the semiconductor provider’s stock worth $229,000 after purchasing an additional 652 shares during the period. Dimensional Fund Advisors LP lifted its holdings in NXP Semiconductors by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 12,361 shares of the semiconductor provider’s stock worth $1,353,000 after purchasing an additional 672 shares during the period. Greenleaf Trust lifted its holdings in NXP Semiconductors by 37.1% in the second quarter. Greenleaf Trust now owns 2,613 shares of the semiconductor provider’s stock worth $286,000 after purchasing an additional 707 shares during the period. Finally, Wetherby Asset Management Inc. lifted its holdings in NXP Semiconductors by 31.4% in the second quarter. Wetherby Asset Management Inc. now owns 3,320 shares of the semiconductor provider’s stock worth $363,000 after purchasing an additional 793 shares during the period. 83.58% of the stock is owned by institutional investors.

Shares of NXP Semiconductors stock opened at $92.19 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39. NXP Semiconductors NV has a 52 week low of $86.67 and a 52 week high of $125.93. The stock has a market capitalization of $31.72 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 0.77 and a beta of 0.72.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Thursday, July 26th. The semiconductor provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.33). NXP Semiconductors had a return on equity of 16.24% and a net margin of 10.35%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.36 billion. analysts predict that NXP Semiconductors NV will post 5.98 earnings per share for the current year.

Several research firms recently weighed in on NXPI. Sanford C. Bernstein raised shares of NXP Semiconductors from a “market perform” rating to an “outperform” rating in a report on Friday, July 27th. ValuEngine downgraded shares of NXP Semiconductors from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. BMO Capital Markets reduced their price objective on shares of NXP Semiconductors from $110.00 to $100.00 and set a “market perform” rating for the company in a report on Friday, July 27th. Drexel Hamilton raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating and upped their price objective for the stock from $110.00 to $127.50 in a report on Thursday, May 3rd. Finally, Morgan Stanley reduced their price objective on shares of NXP Semiconductors from $127.50 to $105.00 and set an “equal weight” rating for the company in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. NXP Semiconductors presently has an average rating of “Hold” and an average price target of $109.80.

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; 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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