Loews Corp Buys New Holdings in NXP Semiconductors N.V. (NXPI)
Loews Corp bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,035 shares of the semiconductor provider’s stock, valued at approximately $332,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. TCI Wealth Advisors Inc. lifted its holdings in NXP Semiconductors N.V. by 4.6% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 1,192 shares of the semiconductor provider’s stock worth $130,000 after purchasing an additional 52 shares during the last quarter. BT Investment Management Ltd acquired a new stake in NXP Semiconductors N.V. in the 2nd quarter worth approximately $166,000. Commonwealth Bank of Australia lifted its holdings in NXP Semiconductors N.V. by 0.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,665 shares of the semiconductor provider’s stock worth $181,000 after purchasing an additional 14 shares during the last quarter. RFG Advisory Group LLC acquired a new stake in NXP Semiconductors N.V. in the 2nd quarter worth approximately $211,000. Finally, Johnson Financial Group Inc. lifted its holdings in NXP Semiconductors N.V. by 5.8% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,938 shares of the semiconductor provider’s stock worth $212,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 78.85% of the company’s stock.
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NXP Semiconductors N.V. (NXPI) traded up 0.39% during mid-day trading on Friday, hitting $112.84. The stock had a trading volume of 1,775,788 shares. NXP Semiconductors N.V. has a one year low of $81.50 and a one year high of $113.39. The stock’s 50 day moving average price is $112.26 and its 200 day moving average price is $108.08. The firm has a market capitalization of $28.41 billion, a price-to-earnings ratio of 20.04 and a beta of 0.89.
Several equities research analysts recently weighed in on the company. KeyCorp restated a “hold” rating on shares of NXP Semiconductors N.V. in a report on Friday, September 8th. BidaskClub upgraded NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. ValuEngine lowered NXP Semiconductors N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley boosted their target price on NXP Semiconductors N.V. from $110.00 to $117.50 and gave the stock an “equal weight” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. NXP Semiconductors N.V. has a consensus rating of “Hold” and a consensus price target 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.
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