CI Investments Inc. Has $105.94 Million Position in NXP Semiconductors (NXPI)
CI Investments Inc. cut its stake in NXP Semiconductors (NASDAQ:NXPI) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 936,785 shares of the semiconductor provider’s stock after selling 92,965 shares during the period. CI Investments Inc. owned 0.28% of NXP Semiconductors worth $105,941,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in NXPI. TCI Wealth Advisors Inc. boosted its holdings in shares of NXP Semiconductors by 4.6% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 1,192 shares of the semiconductor provider’s stock worth $130,000 after buying an additional 52 shares in the last quarter. Picton Mahoney Asset Management bought a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $165,000. BT Investment Management Ltd bought a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $166,000. Commonwealth Bank of Australia boosted its holdings in shares of NXP Semiconductors by 0.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,665 shares of the semiconductor provider’s stock worth $181,000 after buying an additional 14 shares in the last quarter. Finally, RFG Advisory Group LLC bought a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $211,000. Institutional investors and hedge funds own 79.96% of the company’s stock.
NXP Semiconductors (NXPI) traded down $0.31 during midday trading on Monday, reaching $115.74. The company had a trading volume of 2,004,999 shares, compared to its average volume of 2,749,983. The stock has a market cap of $39,344.32, a price-to-earnings ratio of 20.36, a P/E/G ratio of 1.01 and a beta of 0.85. NXP Semiconductors has a twelve month low of $96.00 and a twelve month high of $118.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.04 and a quick ratio of 1.59.
A number of research firms have issued reports on NXPI. Zacks Investment Research upgraded NXP Semiconductors from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a report on Tuesday, October 31st. Robert W. Baird restated a “hold” rating and set a $110.00 price target on shares of NXP Semiconductors in a report on Friday, October 27th. Jefferies Group LLC set a $115.00 price target on NXP Semiconductors and gave the stock a “hold” rating in a report on Thursday, October 26th. Sanford C. Bernstein cut NXP Semiconductors from an “outperform” rating to a “market perform” rating and set a $125.00 price target on the stock. in a report on Thursday, October 26th. Finally, Mizuho reiterated a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors in a report on Wednesday, October 4th. Seventeen investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. NXP Semiconductors currently has an average rating of “Hold” and a consensus target price of $112.57.
NXP Semiconductors 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.
Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors (NASDAQ:NXPI).
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.