NXP Semiconductors NV (NXPI) Stake Boosted by Royal London Asset Management Ltd.

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Royal London Asset Management Ltd. grew its holdings in NXP Semiconductors NV (NASDAQ:NXPI) by 1,286.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,948,362 shares of the semiconductor provider’s stock after purchasing an additional 1,807,802 shares during the period. NXP Semiconductors makes up about 1.1% of Royal London Asset Management Ltd.’s portfolio, making the stock its 13th biggest position. Royal London Asset Management Ltd. owned about 0.57% of NXP Semiconductors worth $109,338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Tower Bridge Advisors acquired a new stake in shares of NXP Semiconductors during the 3rd quarter valued at $1,778,000. Canyon Capital Advisors LLC boosted its holdings in shares of NXP Semiconductors by 144.9% during the 2nd quarter. Canyon Capital Advisors LLC now owns 784,630 shares of the semiconductor provider’s stock valued at $85,737,000 after acquiring an additional 464,290 shares in the last quarter. Sensato Investors LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter valued at $2,011,000. Cannell Peter B & Co. Inc. acquired a new stake in shares of NXP Semiconductors during the 2nd quarter valued at $382,000. Finally, Princeton Capital Management LLC acquired a new stake in shares of NXP Semiconductors during the 2nd quarter valued at $127,000. Institutional investors own 84.93% of the company’s stock.

NXPI stock opened at $84.97 on Friday. NXP Semiconductors NV has a 1-year low of $69.72 and a 1-year high of $125.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 0.87. The stock has a market capitalization of $28.21 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90.

Several research analysts have commented on NXPI shares. Stifel Nicolaus cut their target price on NXP Semiconductors from $102.00 to $99.00 and set a “hold” rating on the stock in a report on Friday, July 27th. Deutsche Bank raised NXP Semiconductors from a “hold” rating to a “buy” rating and cut their target price for the stock from $127.50 to $107.00 in a report on Thursday, July 26th. SunTrust Banks raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Barclays started coverage on NXP Semiconductors in a report on Thursday, August 2nd. They set an “equal weight” rating on the stock. Finally, Zacks Investment Research downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. NXP Semiconductors currently has a consensus rating of “Hold” and a consensus target price of $103.38.

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NXP Semiconductors 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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