GABELLI & Co INVESTMENT ADVISERS INC. reduced its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 2.9% during the second quarter, Holdings Channel reports. The firm owned 488,812 shares of the semiconductor provider’s stock after selling 14,800 shares during the period. NXP Semiconductors N.V. comprises about 5.8% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 2nd largest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in NXP Semiconductors N.V. were worth $53,500,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NXPI. BlackRock Inc. increased its position in NXP Semiconductors N.V. by 2,546.6% in the first quarter. BlackRock Inc. now owns 11,852,113 shares of the semiconductor provider’s stock valued at $1,226,696,000 after buying an additional 11,404,283 shares during the period. OZ Management LP increased its position in NXP Semiconductors N.V. by 55.6% in the first quarter. OZ Management LP now owns 4,297,878 shares of the semiconductor provider’s stock valued at $444,831,000 after buying an additional 1,535,998 shares during the period. FIL Ltd increased its position in NXP Semiconductors N.V. by 63.4% in the first quarter. FIL Ltd now owns 3,906,470 shares of the semiconductor provider’s stock valued at $404,320,000 after buying an additional 1,515,559 shares during the period. Renaissance Technologies LLC increased its position in NXP Semiconductors N.V. by 155.6% in the first quarter. Renaissance Technologies LLC now owns 2,661,288 shares of the semiconductor provider’s stock valued at $275,443,000 after buying an additional 1,620,200 shares during the period. Finally, Legal & General Group Plc increased its position in NXP Semiconductors N.V. by 21.4% in the second quarter. Legal & General Group Plc now owns 2,094,342 shares of the semiconductor provider’s stock valued at $229,225,000 after buying an additional 369,485 shares during the period. 75.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NXP Semiconductors N.V. (NXPI) traded down 0.02% during mid-day trading on Wednesday, hitting $112.81. 15,528 shares of the stock were exchanged. The stock has a market cap of $28.40 billion, a price-to-earnings ratio of 20.03 and a beta of 0.89. NXP Semiconductors N.V. has a 12 month low of $80.13 and a 12 month high of $113.39. The company has a 50-day moving average price of $110.38 and a 200-day moving average price of $106.38.

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NXPI has been the topic of several research reports. Zacks Investment Research upgraded shares of NXP Semiconductors N.V. from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Tuesday, May 9th. BidaskClub upgraded shares of NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Morgan Stanley boosted their price target on shares of NXP Semiconductors N.V. from $110.00 to $117.50 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Stifel Nicolaus restated a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research report on Tuesday, July 4th. Finally, ValuEngine upgraded shares of NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. One equities research 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. The company has a consensus rating of “Hold” and an average 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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Institutional Ownership by Quarter for NXP Semiconductors N.V. (NASDAQ:NXPI)

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