NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Bought by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD increased its position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 13.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,575 shares of the semiconductor provider’s stock after buying an additional 3,048 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in NXP Semiconductors N.V. were worth $2,799,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NXPI. BlackRock Inc. raised its stake in NXP Semiconductors N.V. by 2,546.6% in the first quarter. BlackRock Inc. now owns 11,852,113 shares of the semiconductor provider’s stock worth $1,226,696,000 after buying an additional 11,404,283 shares during the period. OZ Management LP raised its stake in NXP Semiconductors N.V. by 55.6% in the first quarter. OZ Management LP now owns 4,297,878 shares of the semiconductor provider’s stock worth $444,831,000 after buying an additional 1,535,998 shares during the period. FIL Ltd raised its stake in NXP Semiconductors N.V. by 63.4% in the first quarter. FIL Ltd now owns 3,906,470 shares of the semiconductor provider’s stock worth $404,320,000 after buying an additional 1,515,559 shares during the period. Renaissance Technologies LLC raised its stake in NXP Semiconductors N.V. by 155.6% in the first quarter. Renaissance Technologies LLC now owns 2,661,288 shares of the semiconductor provider’s stock worth $275,443,000 after buying an additional 1,620,200 shares during the period. Finally, Johnston Asset Management LLC raised its stake in NXP Semiconductors N.V. by 0.5% in the first quarter. Johnston Asset Management LLC now owns 1,734,217 shares of the semiconductor provider’s stock worth $179,491,000 after buying an additional 7,788 shares during the period. 75.97% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors N.V. (NASDAQ NXPI) traded up 0.07% during trading on Friday, hitting $112.20. 2,038,093 shares of the stock traded hands. The company’s 50 day moving average price is $110.22 and its 200 day moving average price is $106.03. The company has a market cap of $28.25 billion, a P/E ratio of 19.93 and a beta of 0.89. NXP Semiconductors N.V. has a 12 month low of $80.13 and a 12 month high of $113.39.

ILLEGAL ACTIVITY WARNING: “NXP Semiconductors N.V. (NASDAQ:NXPI) Shares Bought by Sumitomo Mitsui Asset Management Company LTD” was originally published by Stock Observer and is owned by of Stock Observer. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.thestockobserver.com/2017/08/12/nxp-semiconductors-n-v-nasdaqnxpi-stake-raised-by-sumitomo-mitsui-asset-management-company-ltd-updated.html.

A number of analysts recently weighed in on NXPI shares. Zacks Investment Research raised shares of NXP Semiconductors N.V. from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research note on Tuesday, May 9th. BidaskClub raised shares of NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley upped their price objective on shares of NXP Semiconductors N.V. from $110.00 to $117.50 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $110.00 price objective on shares of NXP Semiconductors N.V. in a research note on Tuesday, July 4th. Finally, ValuEngine raised shares of NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $110.97.

NXP Semiconductors N.V. Company 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 N.V. (NASDAQ:NXPI)

Receive News & Ratings for NXP Semiconductors N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply