Van ECK Associates Corp Sells 82,963 Shares of NXP Semiconductors N.V. (NXPI)

Van ECK Associates Corp lessened its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 27.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 216,553 shares of the semiconductor provider’s stock after selling 82,963 shares during the quarter. Van ECK Associates Corp owned approximately 0.09% of NXP Semiconductors N.V. worth $23,702,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Aberdeen Asset Management PLC UK raised its position in NXP Semiconductors N.V. by 0.5% during the first quarter. Aberdeen Asset Management PLC UK now owns 993,311 shares of the semiconductor provider’s stock valued at $102,808,000 after acquiring an additional 4,467 shares in the last quarter. Vident Investment Advisory LLC bought a new position in shares of NXP Semiconductors N.V. in the first quarter valued at approximately $327,000. Proxima Capital Management LLC bought a new position in shares of NXP Semiconductors N.V. in the first quarter valued at approximately $2,588,000. KBC Group NV raised its position in shares of NXP Semiconductors N.V. by 315.7% in the first quarter. KBC Group NV now owns 351,365 shares of the semiconductor provider’s stock valued at $36,366,000 after purchasing an additional 266,832 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of NXP Semiconductors N.V. by 44.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 173,296 shares of the semiconductor provider’s stock valued at $17,936,000 after purchasing an additional 53,286 shares during the period. 78.81% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on NXPI shares. Deutsche Bank AG lowered shares of NXP Semiconductors N.V. from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a research report on Monday, June 19th. Zacks Investment Research lowered shares of NXP Semiconductors N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Stifel Nicolaus reissued a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research report on Tuesday, July 4th. Drexel Hamilton reissued a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research report on Thursday, August 3rd. Finally, Mizuho reissued a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $110.97.

WARNING: This piece was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://sportsperspectives.com/2017/09/21/van-eck-associates-corp-sells-82963-shares-of-nxp-semiconductors-n-v-nxpi.html.

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.

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 N.V. (NASDAQ:NXPI).

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

Receive News & Ratings for NXP Semiconductors N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply