Tower Bridge Advisors Reduces Holdings in NXP Semiconductors N.V. (NXPI)

Tower Bridge Advisors lessened its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 72.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,200 shares of the semiconductor provider’s stock after selling 11,275 shares during the period. Tower Bridge Advisors’ holdings in NXP Semiconductors N.V. were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. boosted its holdings in shares of NXP Semiconductors N.V. by 4.6% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 1,192 shares of the semiconductor provider’s stock valued at $130,000 after purchasing an additional 52 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of NXP Semiconductors N.V. in the 2nd quarter valued at about $165,000. BT Investment Management Ltd bought a new position in shares of NXP Semiconductors N.V. in the 2nd quarter valued at about $166,000. Commonwealth Bank of Australia lifted its holdings in shares of NXP Semiconductors N.V. by 0.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,665 shares of the semiconductor provider’s stock valued at $181,000 after acquiring an additional 14 shares during the last quarter. Finally, RFG Advisory Group LLC bought a new position in shares of NXP Semiconductors N.V. in the 2nd quarter valued at about $211,000. 79.96% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Tower Bridge Advisors Reduces Holdings in NXP Semiconductors N.V. (NXPI)” was originally published by Stock Observer and is owned by of Stock Observer. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.thestockobserver.com/2017/11/14/tower-bridge-advisors-reduces-holdings-in-nxp-semiconductors-n-v-nxpi.html.

NXP Semiconductors N.V. (NASDAQ:NXPI) opened at $115.54 on Tuesday. The company has a market cap of $39,344.32, a P/E ratio of 20.36, a PEG ratio of 1.01 and a beta of 0.85. NXP Semiconductors N.V. has a 1 year low of $96.00 and a 1 year high of $118.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.59 and a current ratio of 2.04.

NXPI has been the subject of a number of analyst reports. Sanford C. Bernstein downgraded shares of NXP Semiconductors N.V. from an “outperform” rating to a “market perform” rating and set a $125.00 price target for the company. in a report on Thursday, October 26th. BidaskClub raised shares of NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley increased their price target on shares of NXP Semiconductors N.V. from $110.00 to $117.50 and gave the company an “equal weight” rating in a report on Monday, August 7th. Jefferies Group LLC set a $110.00 price target on shares of NXP Semiconductors N.V. and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research downgraded shares of NXP Semiconductors N.V. from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Seventeen research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. NXP Semiconductors N.V. has an average rating of “Hold” and an average target price of $112.57.

About NXP Semiconductors N.V.

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.

Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors N.V. (NASDAQ:NXPI).

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