NGAM Advisors L.P. cut its stake in NXP Semiconductors N.V. (NASDAQ:NXPI) by 2.3% during the second quarter, Holdings Channel reports. The institutional investor owned 26,855 shares of the semiconductor provider’s stock after selling 629 shares during the period. NGAM Advisors L.P.’s holdings in NXP Semiconductors N.V. were worth $2,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of 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 in the last quarter. OZ Management LP boosted its position in shares of 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 in the last quarter. FIL Ltd boosted its position in shares of 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 in the last quarter. Renaissance Technologies LLC boosted its position in shares of 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 in the last quarter. Finally, Johnston Asset Management LLC boosted its position in shares of NXP Semiconductors N.V. by 0.5% in the first quarter. Johnston Asset Management LLC now owns 1,734,217 shares of the semiconductor provider’s stock valued at $179,491,000 after buying an additional 7,788 shares in the last quarter. Hedge funds and other institutional investors own 75.97% of the company’s stock.

NXP Semiconductors N.V. (NASDAQ:NXPI) opened at 112.12 on Friday. NXP Semiconductors N.V. has a 12 month low of $80.13 and a 12 month high of $113.39. The firm’s 50-day moving average price is $110.14 and its 200 day moving average price is $105.92. The stock has a market cap of $28.23 billion, a price-to-earnings ratio of 19.91 and a beta of 0.89.

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Several research analysts have recently issued reports on NXPI shares. Zacks Investment Research upgraded shares of NXP Semiconductors N.V. from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a report on Tuesday, May 9th. BidaskClub upgraded shares of NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley raised their target price on shares of NXP Semiconductors N.V. from $110.00 to $117.50 and gave the stock an “equal weight” rating in a report on Monday. Stifel Nicolaus restated a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors N.V. in a report on Tuesday, July 4th. Finally, ValuEngine upgraded shares of NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price 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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