Eaton Vance Management Has $36.25 Million Stake in NXP Semiconductors NV (NXPI)

Eaton Vance Management lifted its position in NXP Semiconductors NV (NASDAQ:NXPI) by 118.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 423,944 shares of the semiconductor provider’s stock after acquiring an additional 229,941 shares during the quarter. Eaton Vance Management owned 0.12% of NXP Semiconductors worth $36,247,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NXPI. Janney Montgomery Scott LLC lifted its holdings in shares of NXP Semiconductors by 66.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,116 shares of the semiconductor provider’s stock worth $1,324,000 after acquiring an additional 4,857 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of NXP Semiconductors by 85.9% in the 2nd quarter. Aperio Group LLC now owns 126,778 shares of the semiconductor provider’s stock worth $13,853,000 after acquiring an additional 58,564 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of NXP Semiconductors by 8.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 146,751 shares of the semiconductor provider’s stock worth $16,035,000 after acquiring an additional 11,710 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of NXP Semiconductors by 4.6% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,381 shares of the semiconductor provider’s stock worth $2,445,000 after acquiring an additional 977 shares during the last quarter. Finally, TD Asset Management Inc. lifted its holdings in NXP Semiconductors by 5.6% during the 2nd quarter. TD Asset Management Inc. now owns 99,335 shares of the semiconductor provider’s stock valued at $10,854,000 after buying an additional 5,300 shares in the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Shares of NXPI opened at $83.37 on Friday. NXP Semiconductors NV has a 1-year low of $69.72 and a 1-year high of $125.93. The stock has a market cap of $28.65 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.22 and a quick ratio of 0.87.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Wednesday, October 31st. The semiconductor provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.13. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.43 billion. NXP Semiconductors had a net margin of 28.38% and a return on equity of 18.08%. Research analysts forecast that NXP Semiconductors NV will post 6.15 EPS for the current fiscal year.

NXPI has been the subject of a number of research analyst reports. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $105.00 to $95.00 in a report on Tuesday, October 23rd. Stifel Nicolaus reiterated a “sell” rating on shares of NXP Semiconductors in a report on Thursday, November 1st. Morgan Stanley decreased their price objective on shares of NXP Semiconductors from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, October 3rd. Bank of America upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $120.00 in a report on Monday, September 17th. Finally, Credit Suisse Group initiated coverage on shares of NXP Semiconductors in a report on Friday, September 7th. They set an “outperform” rating and a $125.00 price objective for the company. Three analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $103.38.

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NXP Semiconductors Profile

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

See Also: Intrinsic Value

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

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