Moore Capital Management LP decreased its stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 6.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 175,000 shares of the semiconductor provider’s stock after selling 11,193 shares during the period. NXP Semiconductors NV makes up 0.6% of Moore Capital Management LP’s portfolio, making the stock its 28th largest position. Moore Capital Management LP owned 0.07% of NXP Semiconductors NV worth $17,852,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. MCF Advisors LLC boosted its stake in NXP Semiconductors NV by 542.2% in the second quarter. MCF Advisors LLC now owns 1,445 shares of the semiconductor provider’s stock valued at $113,000 after buying an additional 1,220 shares during the period. J.Safra Asset Management Corp bought a new stake in NXP Semiconductors NV during the second quarter valued at approximately $114,000. Synovus Financial Corp boosted its stake in NXP Semiconductors NV by 6,000.0% in the third quarter. Synovus Financial Corp now owns 1,220 shares of the semiconductor provider’s stock valued at $124,000 after buying an additional 1,200 shares during the period. Johnson Financial Group Inc. boosted its stake in NXP Semiconductors NV by 260.4% in the second quarter. Johnson Financial Group Inc. now owns 1,831 shares of the semiconductor provider’s stock valued at $143,000 after buying an additional 1,323 shares during the period. Finally, Coconut Grove Bank boosted its stake in NXP Semiconductors NV by 1.4% in the third quarter. Coconut Grove Bank now owns 1,494 shares of the semiconductor provider’s stock valued at $152,000 after buying an additional 20 shares during the period. 83.92% of the stock is currently owned by institutional investors and hedge funds.
NXP Semiconductors NV (NASDAQ:NXPI) opened at 98.01 on Thursday. NXP Semiconductors NV has a 52-week low of $61.61 and a 52-week high of $107.54. The company has a market cap of $24.67 billion, a P/E ratio of 48.47 and a beta of 1.41. The company has a 50-day moving average of $98.06 and a 200-day moving average of $92.60.
NXP Semiconductors NV (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, October 26th. The semiconductor provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.34. NXP Semiconductors NV had a net margin of 7.53% and a return on equity of 11.56%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $3.08 million. During the same period in the prior year, the firm posted $1.57 EPS. The company’s quarterly revenue was up 62.2% on a year-over-year basis. On average, equities research analysts expect that NXP Semiconductors NV will post $5.83 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on NXPI shares. Needham & Company LLC cut their price objective on shares of NXP Semiconductors NV from $110.00 to $47.00 in a report on Friday, October 28th. Vetr lowered shares of NXP Semiconductors NV from a “strong-buy” rating to a “buy” rating and set a $115.26 price objective on the stock. in a report on Thursday, October 6th. Nomura restated a “buy” rating and issued a $120.00 price objective (up from $95.00) on shares of NXP Semiconductors NV in a report on Wednesday, October 5th. Canaccord Genuity restated a “buy” rating and issued a $120.00 price objective on shares of NXP Semiconductors NV in a report on Saturday, October 15th. Finally, Sanford C. Bernstein set a $110.00 price objective on shares of NXP Semiconductors NV and gave the company a “buy” rating in a report on Thursday, October 13th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $105.63.
NXP Semiconductors NV Company Profile
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company and a long-standing supplier. The Company provides high performance mixed signal and standard product solutions. The Company’s segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.
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