Third Point LLC bought a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,700,000 shares of the semiconductor provider’s stock, valued at approximately $295,515,000. NXP Semiconductors N.V. accounts for 2.6% of Third Point LLC’s investment portfolio, making the stock its 12th largest position. Third Point LLC owned 1.07% of NXP Semiconductors N.V. as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NXPI. BlackRock Inc. boosted its holdings in shares of NXP Semiconductors N.V. by 2,546.6% during the first quarter. BlackRock Inc. now owns 11,852,113 shares of the semiconductor provider’s stock worth $1,226,696,000 after purchasing an additional 11,404,283 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of NXP Semiconductors N.V. by 155.6% during the first quarter. Renaissance Technologies LLC now owns 2,661,288 shares of the semiconductor provider’s stock worth $275,443,000 after purchasing an additional 1,620,200 shares during the period. OZ Management LP boosted its holdings in shares of NXP Semiconductors N.V. by 55.6% during the first quarter. OZ Management LP now owns 4,297,878 shares of the semiconductor provider’s stock worth $444,831,000 after purchasing an additional 1,535,998 shares during the period. FIL Ltd boosted its holdings in shares of NXP Semiconductors N.V. by 63.4% during the first quarter. FIL Ltd now owns 3,906,470 shares of the semiconductor provider’s stock worth $404,320,000 after purchasing an additional 1,515,559 shares during the period. Finally, Tyrus Capital S.A.M. purchased a new stake in shares of NXP Semiconductors N.V. during the first quarter worth about $109,710,000. Institutional investors own 78.88% of the company’s stock.

A number of research firms have recently weighed in on NXPI. KeyCorp reiterated a “hold” rating on shares of NXP Semiconductors N.V. in a report on Friday, September 8th. BidaskClub upgraded shares of NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. ValuEngine lowered shares of NXP Semiconductors N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley raised their price objective on shares of 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 research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. NXP Semiconductors N.V. has a consensus rating of “Hold” and a consensus target price of $110.97.

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

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