NXP Semiconductors NV (NXPI) Stake Reduced by Suntrust Banks Inc.
Suntrust Banks Inc. lowered its stake in NXP Semiconductors NV (NASDAQ:NXPI) by 28.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 56,116 shares of the semiconductor provider’s stock after selling 22,782 shares during the period. Suntrust Banks Inc.’s holdings in NXP Semiconductors NV were worth $5,805,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Synovus Financial Corp boosted its stake in shares of NXP Semiconductors NV by 6,000.0% in the third quarter. Synovus Financial Corp now owns 1,220 shares of the semiconductor provider’s stock valued at $124,000 after buying an additional 1,200 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in NXP Semiconductors NV by 13.6% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,832 shares of the semiconductor provider’s stock valued at $180,000 after buying an additional 220 shares in the last quarter. Welch & Forbes LLC bought a new position in NXP Semiconductors NV during the first quarter valued at about $204,000. Pekin Singer Strauss Asset Management IL bought a new position in NXP Semiconductors NV during the third quarter valued at about $204,000. Finally, AQR Capital Management LLC bought a new position in NXP Semiconductors NV during the fourth quarter valued at about $210,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.
NXP Semiconductors NV (NASDAQ:NXPI) traded down 0.08% during trading on Wednesday, hitting $106.68. 3,242,966 shares of the stock traded hands. The company has a market capitalization of $26.86 billion, a P/E ratio of 19.53 and a beta of 1.21. The company’s 50 day moving average is $104.40 and its 200 day moving average is $100.87. NXP Semiconductors NV has a one year low of $73.62 and a one year high of $107.54.
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NXPI has been the topic of several research reports. Zacks Investment Research cut NXP Semiconductors NV from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 14th. Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $110.00 price target on shares of NXP Semiconductors NV in a report on Monday, January 30th. Vetr cut NXP Semiconductors NV from a “buy” rating to a “hold” rating and set a $104.99 price target on the stock. in a report on Tuesday, February 7th. Canaccord Genuity reaffirmed a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors NV in a report on Tuesday, January 31st. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of NXP Semiconductors NV in a report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. NXP Semiconductors NV currently has an average rating of “Hold” and a consensus target price of $109.37.
NXP Semiconductors NV Company Profile
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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