Palouse Capital Management Inc. reduced its stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 0.6% during the first quarter, Holdings Channel reports. The institutional investor owned 21,575 shares of the semiconductor provider’s stock after selling 121 shares during the period. Palouse Capital Management Inc.’s holdings in NXP Semiconductors N.V. were worth $2,233,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. ProVise Management Group LLC increased its position in NXP Semiconductors N.V. by 1.4% in the first quarter. ProVise Management Group LLC now owns 3,744 shares of the semiconductor provider’s stock valued at $389,000 after buying an additional 52 shares in the last quarter. Assetmark Inc. increased its position in NXP Semiconductors N.V. by 3.3% in the first quarter. Assetmark Inc. now owns 2,060 shares of the semiconductor provider’s stock valued at $213,000 after buying an additional 66 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in NXP Semiconductors N.V. by 0.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 15,389 shares of the semiconductor provider’s stock valued at $1,593,000 after buying an additional 100 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in NXP Semiconductors N.V. by 4.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,327 shares of the semiconductor provider’s stock valued at $241,000 after buying an additional 109 shares in the last quarter. Finally, Papp L Roy & Associates increased its position in NXP Semiconductors N.V. by 0.5% in the first quarter. Papp L Roy & Associates now owns 41,071 shares of the semiconductor provider’s stock valued at $4,251,000 after buying an additional 185 shares in the last quarter. 76.84% of the stock is owned by institutional investors.

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

Shares of NXP Semiconductors N.V. (NASDAQ NXPI) opened at 109.98 on Friday. NXP Semiconductors N.V. has a 1-year low of $73.62 and a 1-year high of $109.98. The company’s 50-day moving average price is $108.02 and its 200 day moving average price is $102.95. The stock has a market cap of $27.69 billion, a PE ratio of 20.13 and a beta of 0.92.

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Several research firms have weighed in on NXPI. Nomura downgraded NXP Semiconductors N.V. from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. Mizuho reaffirmed a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Wednesday, May 31st. Instinet downgraded NXP Semiconductors N.V. from a “buy” rating to a “neutral” rating in a research report on Monday, May 15th. Zacks Investment Research raised NXP Semiconductors N.V. from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Tuesday, May 9th. Finally, Deutsche Bank AG downgraded NXP Semiconductors N.V. from a “buy” rating to a “hold” rating and set a $110.00 target price for the company. in a research report on Monday, June 19th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $109.61.

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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