Princeton Capital Management Inc. bought a new stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) during the second quarter, Holdings Channel reports. The institutional investor bought 7,165 shares of the semiconductor provider’s stock, valued at approximately $561,000.

Other hedge funds have also modified their holdings of the company. BlackRock Group LTD increased its stake in shares of NXP Semiconductors NV by 4.3% in the first quarter. BlackRock Group LTD now owns 1,647,391 shares of the semiconductor provider’s stock valued at $133,554,000 after buying an additional 68,568 shares during the period. Institutional Capital LLC acquired a new stake in shares of NXP Semiconductors NV during the first quarter valued at about $57,982,000. Rehmann Capital Advisory Group increased its stake in shares of NXP Semiconductors NV by 16.6% in the first quarter. Rehmann Capital Advisory Group now owns 3,956 shares of the semiconductor provider’s stock valued at $321,000 after buying an additional 562 shares during the period. Prudential Financial Inc. increased its stake in shares of NXP Semiconductors NV by 1,625.2% in the first quarter. Prudential Financial Inc. now owns 251,304 shares of the semiconductor provider’s stock valued at $20,373,000 after buying an additional 236,737 shares during the period. Finally, First Long Island Investors LLC increased its stake in shares of NXP Semiconductors NV by 3.3% in the first quarter. First Long Island Investors LLC now owns 29,372 shares of the semiconductor provider’s stock valued at $2,381,000 after buying an additional 929 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Shares of NXP Semiconductors NV (NASDAQ:NXPI) traded down 0.24% during midday trading on Tuesday, hitting $82.79. The company’s stock had a trading volume of 2,345,446 shares. NXP Semiconductors NV has a 12-month low of $61.61 and a 12-month high of $98.09. The firm has a market cap of $20.84 billion, a price-to-earnings ratio of 26.83 and a beta of 1.70. The firm has a 50-day moving average of $86.09 and a 200 day moving average of $84.46.

NXP Semiconductors NV (NASDAQ:NXPI) last announced its quarterly earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. NXP Semiconductors NV had a return on equity of 14.34% and a net margin of 11.95%. The firm earned $2.37 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s quarterly revenue was up 57.0% compared to the same quarter last year. On average, equities research analysts predict that NXP Semiconductors NV will post $5.75 EPS for the current fiscal year.

NXPI has been the topic of a number of research reports. Nomura reaffirmed a “buy” rating and issued a $100.00 price objective on shares of NXP Semiconductors NV in a research note on Tuesday, May 24th. Vetr downgraded NXP Semiconductors NV from a “strong-buy” rating to a “buy” rating and set a $101.75 price objective on the stock. in a research note on Tuesday, May 24th. Pacific Crest reaffirmed a “buy” rating and issued a $105.00 price objective on shares of NXP Semiconductors NV in a research note on Wednesday, July 27th. Jefferies Group reaffirmed a “buy” rating and issued a $130.00 price objective on shares of NXP Semiconductors NV in a research note on Thursday, July 28th. Finally, TheStreet raised NXP Semiconductors NV from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. 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 stock. The stock presently has a consensus rating of “Buy” and an average target price of $105.36.

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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