NXP Semiconductors N.V. (NXPI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 77.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,080 shares of the semiconductor provider’s stock after selling 137,893 shares during the quarter. Principal Financial Group Inc.’s holdings in NXP Semiconductors were worth $4,419,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Smith Salley & Associates grew its stake in NXP Semiconductors by 1.9% in the third quarter. Smith Salley & Associates now owns 62,570 shares of the semiconductor provider’s stock valued at $7,075,000 after purchasing an additional 1,196 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in NXP Semiconductors by 12.6% in the third quarter. Daiwa Securities Group Inc. now owns 10,250 shares of the semiconductor provider’s stock valued at $1,159,000 after purchasing an additional 1,146 shares in the last quarter. Gabelli Funds LLC grew its stake in NXP Semiconductors by 3.1% in the third quarter. Gabelli Funds LLC now owns 301,435 shares of the semiconductor provider’s stock valued at $34,089,000 after purchasing an additional 8,965 shares in the last quarter. Norris Perne & French LLP MI grew its stake in NXP Semiconductors by 384.2% in the third quarter. Norris Perne & French LLP MI now owns 70,185 shares of the semiconductor provider’s stock valued at $7,937,000 after purchasing an additional 55,689 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in NXP Semiconductors by 3.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 46,800 shares of the semiconductor provider’s stock valued at $5,293,000 after purchasing an additional 1,400 shares in the last quarter. 82.72% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors N.V. (NASDAQ:NXPI) opened at $115.29 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.59 and a current ratio of 2.04. NXP Semiconductors N.V. has a one year low of $96.00 and a one year high of $118.20. The company has a market capitalization of $39,890.00, a P/E ratio of 20.23, a PEG ratio of 1.00 and a beta of 0.82.

A number of research analysts have weighed in on NXPI shares. Sanford C. Bernstein downgraded NXP Semiconductors from an “outperform” rating to a “market perform” rating and set a $125.00 price target for the company. in a research note on Thursday, October 26th. Jefferies Group set a $110.00 price target on NXP Semiconductors and gave the company a “hold” rating in a research note on Thursday, October 19th. Zacks Investment Research downgraded NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of NXP Semiconductors in a research note on Friday, September 8th. Finally, Robert W. Baird restated a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors in a research note on Friday, October 27th. Seventeen investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $112.57.

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About NXP Semiconductors

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.

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

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