Retirement Systems of Alabama acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 100,292 shares of the semiconductor provider’s stock, valued at approximately $10,977,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Welch & Forbes LLC purchased a new position in NXP Semiconductors N.V. during the first quarter valued at $204,000. Boston Family Office LLC purchased a new position in NXP Semiconductors N.V. during the first quarter valued at $207,000. Assetmark Inc. raised its position in NXP Semiconductors N.V. by 3.3% in the first quarter. Assetmark Inc. now owns 2,060 shares of the semiconductor provider’s stock valued at $213,000 after buying an additional 66 shares in the last quarter. AQR Capital Management LLC purchased a new position in NXP Semiconductors N.V. during the fourth quarter valued at $210,000. Finally, Private Trust Co. NA purchased a new position in NXP Semiconductors N.V. during the first quarter valued at $228,000. 75.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of NXP Semiconductors N.V. (NASDAQ NXPI) opened at 112.12 on Friday. NXP Semiconductors N.V. has a 12-month low of $80.13 and a 12-month high of $113.39. The firm’s 50-day moving average price is $110.14 and its 200 day moving average price is $105.92. The stock has a market capitalization of $28.23 billion, a P/E ratio of 19.91 and a beta of 0.89.
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Several research firms have recently weighed in on NXPI. Mizuho reaffirmed a “hold” rating and issued a $110.00 price objective on shares of NXP Semiconductors N.V. in a research note on Thursday, August 3rd. BidaskClub raised NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research raised NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley lifted their price objective on NXP Semiconductors N.V. from $110.00 to $117.50 and gave the company an “equal weight” rating in a research note on Monday. Finally, ValuEngine lowered NXP Semiconductors N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. NXP Semiconductors N.V. has an average rating of “Hold” and a consensus price target of $110.97.
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.
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