California State Teachers Retirement System increased its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 329.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 833,916 shares of the semiconductor provider’s stock after purchasing an additional 639,926 shares during the quarter. California State Teachers Retirement System owned approximately 0.33% of NXP Semiconductors N.V. worth $91,273,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in NXP Semiconductors N.V. by 43.5% in the second quarter. The Manufacturers Life Insurance Company now owns 209,906 shares of the semiconductor provider’s stock worth $22,974,000 after purchasing an additional 63,665 shares during the period. TT International acquired a new stake in NXP Semiconductors N.V. in the second quarter worth about $13,344,000. Sather Financial Group Inc increased its position in NXP Semiconductors N.V. by 10.8% in the second quarter. Sather Financial Group Inc now owns 139,475 shares of the semiconductor provider’s stock worth $15,266,000 after purchasing an additional 13,550 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in NXP Semiconductors N.V. in the second quarter worth about $412,000. Finally, Elliott Management Corp acquired a new stake in NXP Semiconductors N.V. in the second quarter worth about $1,354,313,000. Hedge funds and other institutional investors own 78.88% of the company’s stock.
A number of analysts recently commented on NXPI shares. BidaskClub upgraded NXP Semiconductors N.V. from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. 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 research report on Monday, August 7th. Zacks Investment Research lowered NXP Semiconductors N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Stifel Nicolaus restated a “hold” rating and set a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Tuesday, July 4th. Finally, ValuEngine upgraded NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $109.83.
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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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