Smith Salley & Associates Takes Position in NXP Semiconductors NV (NXPI)

Smith Salley & Associates bought a new stake in NXP Semiconductors NV (NASDAQ:NXPI) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 39,391 shares of the semiconductor provider’s stock, valued at approximately $3,367,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Third Point LLC acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $1,174,652,000. Swiss National Bank lifted its position in NXP Semiconductors by 7.8% in the 2nd quarter. Swiss National Bank now owns 1,838,729 shares of the semiconductor provider’s stock valued at $200,918,000 after acquiring an additional 133,400 shares in the last quarter. Omni Partners LLP lifted its position in NXP Semiconductors by 0.5% in the 2nd quarter. Omni Partners LLP now owns 1,532,282 shares of the semiconductor provider’s stock valued at $167,432,000 after acquiring an additional 7,931 shares in the last quarter. Confluence Investment Management LLC lifted its position in NXP Semiconductors by 300.2% in the 3rd quarter. Confluence Investment Management LLC now owns 1,514,994 shares of the semiconductor provider’s stock valued at $129,532,000 after acquiring an additional 1,136,479 shares in the last quarter. Finally, Thornburg Investment Management Inc. bought a new position in NXP Semiconductors in the 3rd quarter valued at about $104,430,000. Institutional investors own 83.81% of the company’s stock.

NXP Semiconductors stock opened at $83.69 on Friday. NXP Semiconductors NV has a 52 week low of $69.72 and a 52 week high of $125.93. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50. The company has a market cap of $29.36 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 1.11 and a beta of 0.90.

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of NXP Semiconductors from $70.00 to $75.00 and gave the company a “market perform” rating in a research report on Friday, November 2nd. Citigroup dropped their price target on shares of NXP Semiconductors from $94.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 2nd. SunTrust Banks raised their price target on shares of NXP Semiconductors to $99.00 and gave the company a “buy” rating in a research report on Friday, November 2nd. They noted that the move was a valuation call. Cowen dropped their price target on shares of NXP Semiconductors from $114.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. Finally, Stifel Nicolaus reaffirmed a “sell” rating on shares of NXP Semiconductors in a research report on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. NXP Semiconductors currently has an average rating of “Hold” and a consensus price target of $103.38.

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NXP Semiconductors Company Profile

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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