Exane Asset Management Invests $2.34 Million in NXP Semiconductors N.V. (NASDAQ:NXPI)

Exane Asset Management acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 21,400 shares of the semiconductor provider’s stock, valued at approximately $2,342,000. NXP Semiconductors N.V. accounts for approximately 0.7% of Exane Asset Management’s portfolio, making the stock its 22nd largest position.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased 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 during the last quarter. OZ Management LP increased 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 during the last quarter. FIL Ltd increased 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 during the last quarter. Renaissance Technologies LLC increased 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 during the last quarter. Finally, Johnston Asset Management LLC increased 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 during the last quarter. 75.97% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors N.V. (NXPI) traded up 0.07% during midday trading on Friday, reaching $112.20. 2,038,093 shares of the company were exchanged. The firm has a market cap of $28.25 billion, a P/E ratio of 19.93 and a beta of 0.89. The firm’s 50-day moving average is $110.22 and its 200-day moving average is $106.03. NXP Semiconductors N.V. has a one year low of $80.13 and a one year high of $113.39.

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NXPI has been the topic of several recent analyst reports. Zacks Investment Research raised shares of NXP Semiconductors N.V. from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research note on Tuesday, May 9th. BidaskClub raised shares of NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley increased 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 note on Monday, August 7th. Stifel Nicolaus reaffirmed a “hold” rating and set a $110.00 price target on shares of NXP Semiconductors N.V. in a research note on Tuesday, July 4th. Finally, ValuEngine raised shares of NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One 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 assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $110.97.

NXP Semiconductors N.V. 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.

Institutional Ownership by Quarter for NXP Semiconductors N.V. (NASDAQ:NXPI)

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