Narwhal Capital Management purchased a new position in NXP Semiconductors NV (NASDAQ:NXPI) during the second quarter, Holdings Channel reports. The firm purchased 6,350 shares of the semiconductor provider’s stock, valued at approximately $497,000.

A number of other institutional investors have also bought and sold shares of NXPI. Seven Eight Capital LLC raised its position in NXP Semiconductors NV by 880.0% in the first quarter. Seven Eight Capital LLC now owns 2,450 shares of the semiconductor provider’s stock worth $199,000 after buying an additional 2,200 shares in the last quarter. Eqis Capital Management Inc. raised its position in NXP Semiconductors NV by 2.0% in the second quarter. Eqis Capital Management Inc. now owns 2,654 shares of the semiconductor provider’s stock worth $208,000 after buying an additional 51 shares in the last quarter. LS Investment Advisors LLC raised its position in NXP Semiconductors NV by 8.3% in the second quarter. LS Investment Advisors LLC now owns 2,666 shares of the semiconductor provider’s stock worth $209,000 after buying an additional 204 shares in the last quarter. Citizens Financial Group Inc RI raised its position in NXP Semiconductors NV by 42.8% in the first quarter. Citizens Financial Group Inc RI now owns 3,100 shares of the semiconductor provider’s stock worth $251,000 after buying an additional 929 shares in the last quarter. Finally, Chilton Capital Management LLC acquired a new position in NXP Semiconductors NV during the first quarter worth about $263,000. 85.49% of the stock is owned by institutional investors.

Shares of NXP Semiconductors NV (NASDAQ:NXPI) traded up 0.71% during mid-day trading on Wednesday, reaching $83.38. 1,896,214 shares of the company’s stock were exchanged. NXP Semiconductors NV has a 52 week low of $61.61 and a 52 week high of $98.09. The stock has a 50 day moving average price of $86.09 and a 200 day moving average price of $84.46. The stock has a market cap of $20.99 billion, a price-to-earnings ratio of 27.02 and a beta of 1.70.

NXP Semiconductors NV (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, July 27th. The semiconductor provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.35 billion. NXP Semiconductors NV had a return on equity of 14.34% and a net margin of 11.95%. The business’s revenue for the quarter was up 57.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 earnings per share. Equities research analysts predict that NXP Semiconductors NV will post $5.75 EPS for the current year.

A number of equities analysts have issued reports on the stock. Jefferies Group reissued a “buy” rating and set a $130.00 price target on shares of NXP Semiconductors NV in a research report on Tuesday, June 28th. Vetr raised shares of NXP Semiconductors NV from a “buy” rating to a “strong-buy” rating and set a $101.75 price objective on the stock in a research note on Monday, June 6th. Nomura reaffirmed a “buy” rating and set a $100.00 price objective on shares of NXP Semiconductors NV in a research note on Tuesday, May 24th. TheStreet raised shares of NXP Semiconductors NV from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NXP Semiconductors NV from $97.00 to $98.00 and gave the stock a “neutral” rating in a research note on Friday, July 29th. Three research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. NXP Semiconductors NV has an average rating of “Buy” and a consensus target price of $105.36.

About NXP Semiconductors NV

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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