Virginia Retirement Systems ET AL Has $5.43 Million Position in NXP Semiconductors NV (NXPI)

Virginia Retirement Systems ET AL increased its position in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 75.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,500 shares of the semiconductor provider’s stock after acquiring an additional 27,400 shares during the period. Virginia Retirement Systems ET AL’s holdings in NXP Semiconductors were worth $5,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in NXP Semiconductors by 3.9% in the 2nd quarter. Sterling Capital Management LLC now owns 16,060 shares of the semiconductor provider’s stock worth $1,755,000 after buying an additional 600 shares in the last quarter. State of Alaska Department of Revenue grew its stake in NXP Semiconductors by 1.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 43,432 shares of the semiconductor provider’s stock worth $3,712,000 after buying an additional 622 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in NXP Semiconductors by 1.5% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,464 shares of the semiconductor provider’s stock worth $4,531,000 after buying an additional 629 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in NXP Semiconductors by 0.9% in the 3rd quarter. Gamco Investors INC. ET AL now owns 67,280 shares of the semiconductor provider’s stock worth $5,752,000 after buying an additional 630 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in NXP Semiconductors by 34.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 2,569 shares of the semiconductor provider’s stock worth $220,000 after buying an additional 652 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. Sanford C. Bernstein raised shares of NXP Semiconductors from a “market perform” rating to an “outperform” rating in a research note on Friday, July 27th. ValuEngine cut shares of NXP Semiconductors from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. BMO Capital Markets cut their price target on shares of NXP Semiconductors from $110.00 to $100.00 and set a “market perform” rating for the company in a research note on Friday, July 27th. Citigroup cut their price target on shares of NXP Semiconductors from $94.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 2nd. Finally, Stifel Nicolaus reissued a “sell” rating on shares of NXP Semiconductors in a research note on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $103.38.

Shares of 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 firm has a market capitalization of $29.36 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 0.87.

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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.

Further Reading: Earnings Per Share

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

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