Deltec Asset Management LLC increased its stake in shares of NXP Semiconductors NV (NASDAQ:NXPI) by 20.1% during the second quarter, Holdings Channel reports. The firm owned 121,809 shares of the semiconductor provider’s stock after buying an additional 20,360 shares during the period. NXP Semiconductors NV comprises about 2.4% of Deltec Asset Management LLC’s investment portfolio, making the stock its 6th largest position. Deltec Asset Management LLC’s holdings in NXP Semiconductors NV were worth $9,543,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Institutional Capital LLC bought a new stake in shares of NXP Semiconductors NV during the first quarter valued at about $57,982,000. Fisher Asset Management LLC acquired a new stake in shares of NXP Semiconductors NV during the first quarter worth about $47,892,000. Investec Asset Management LTD raised its stake in shares of NXP Semiconductors NV by 16.3% in the first quarter. Investec Asset Management LTD now owns 2,946,558 shares of the semiconductor provider’s stock worth $238,877,000 after buying an additional 413,778 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in shares of NXP Semiconductors NV during the first quarter worth about $31,131,000. Finally, Arrowgrass Capital Partners US LP acquired a new stake in shares of NXP Semiconductors NV during the first quarter worth about $25,618,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

NXP Semiconductors NV (NASDAQ:NXPI) traded down 0.24% during midday trading on Tuesday, hitting $82.79. The 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 company has a 50-day moving average price of $86.13 and a 200-day moving average price of $84.42. The company has a market cap of $20.84 billion, a price-to-earnings ratio of 26.83 and a beta of 1.70.

NXP Semiconductors NV (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, July 27th. The semiconductor provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The firm earned $2.37 billion during the quarter, compared to the consensus estimate of $2.35 billion. NXP Semiconductors NV had a net margin of 11.95% and a return on equity of 14.34%. The firm’s revenue was up 57.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 earnings per share. Equities analysts anticipate that NXP Semiconductors NV will post $5.75 EPS for the current year.

A number of brokerages have issued reports on NXPI. Nomura reiterated a “buy” rating and set a $100.00 price target on shares of NXP Semiconductors NV in a research note on Tuesday, May 24th. Vetr lowered shares of NXP Semiconductors NV from a “strong-buy” rating to a “buy” rating and set a $101.75 price target on the stock. in a research note on Tuesday, May 24th. Pacific Crest reiterated a “buy” rating and set a $105.00 price target on shares of NXP Semiconductors NV in a research note on Wednesday, July 27th. Jefferies Group reiterated a “buy” rating and set a $130.00 price target on shares of NXP Semiconductors NV in a research note on Thursday, July 28th. Finally, TheStreet upgraded shares of 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 issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $105.36.

About NXP Semiconductors NV

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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