Telemus Capital LLC decreased its position in NXP Semiconductors NV (NASDAQ:NXPI) by 7.8% during the first quarter, Holdings Channel reports. The firm owned 38,269 shares of the semiconductor provider’s stock after selling 3,223 shares during the period. Telemus Capital LLC’s holdings in NXP Semiconductors NV were worth $3,961,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the company. Synovus Financial Corp raised 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 worth $124,000 after buying an additional 1,200 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of 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 worth $180,000 after buying an additional 220 shares during the period. Pekin Singer Strauss Asset Management IL purchased a new stake in shares of NXP Semiconductors NV during the third quarter worth about $204,000. Nwam LLC purchased a new stake in shares of NXP Semiconductors NV during the third quarter worth about $207,000. Finally, 1ST Source Bank purchased a new stake in shares of NXP Semiconductors NV during the third quarter worth about $215,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Institutional Ownership by Quarter for NXP Semiconductors NV (NASDAQ:NXPI)

Shares of NXP Semiconductors NV (NASDAQ:NXPI) traded up 0.14% during trading on Tuesday, hitting $103.31. 1,495,281 shares of the stock were exchanged. The stock’s 50 day moving average is $103.64 and its 200-day moving average is $100.54. The stock has a market cap of $26.01 billion, a price-to-earnings ratio of 178.12 and a beta of 1.21. NXP Semiconductors NV has a 12-month low of $73.62 and a 12-month high of $107.54.

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A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of NXP Semiconductors NV from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Canaccord Genuity restated a “hold” rating and set a $110.00 target price on shares of NXP Semiconductors NV in a research report on Tuesday, February 7th. Morgan Stanley restated an “equal weight” rating and set a $110.00 target price on shares of NXP Semiconductors NV in a research report on Tuesday, February 7th. Citigroup Inc assumed coverage on shares of NXP Semiconductors NV in a research report on Wednesday, December 21st. They set a “neutral” rating and a $105.00 target price on the stock. Finally, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of NXP Semiconductors NV in a research report on Tuesday, February 7th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. NXP Semiconductors NV has an average rating of “Hold” and an average target price of $108.15.

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.

5 Day Chart for NASDAQ:NXPI

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