Kellner Capital LLC Raises Stake in NXP Semiconductors (NXPI)

Kellner Capital LLC lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,401 shares of the semiconductor provider’s stock after acquiring an additional 20,900 shares during the period. NXP Semiconductors makes up about 16.7% of Kellner Capital LLC’s investment portfolio, making the stock its largest holding. Kellner Capital LLC owned about 0.07% of NXP Semiconductors worth $27,308,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Synovus Financial Corp bought a new stake in shares of NXP Semiconductors during the first quarter worth $101,000. Valeo Financial Advisors LLC boosted its holdings in NXP Semiconductors by 931.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,320 shares of the semiconductor provider’s stock worth $155,000 after purchasing an additional 1,192 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in NXP Semiconductors during the fourth quarter worth $209,000. Shikiar Asset Management Inc. acquired a new position in NXP Semiconductors during the fourth quarter worth $211,000. Finally, ClariVest Asset Management LLC boosted its holdings in NXP Semiconductors by 50.2% during the first quarter. ClariVest Asset Management LLC now owns 1,952 shares of the semiconductor provider’s stock worth $229,000 after purchasing an additional 652 shares during the last quarter. 83.22% of the stock is owned by institutional investors.

Several research analysts recently commented on NXPI shares. BidaskClub cut shares of NXP Semiconductors from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th. Zacks Investment Research upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Friday, January 26th. Needham & Company LLC restated a “strong-buy” rating and set a $130.00 target price (up previously from $110.00) on shares of NXP Semiconductors in a report on Thursday, February 1st. Sanford C. Bernstein set a $125.00 target price on shares of NXP Semiconductors and gave the stock a “hold” rating in a report on Thursday, February 8th. Finally, Mizuho reiterated a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $120.42.

Shares of NXP Semiconductors opened at $106.71 on Friday, according to MarketBeat Ratings. The stock has a market capitalization of $37.40 billion, a PE ratio of 14.86, a P/E/G ratio of 0.91 and a beta of 0.81. NXP Semiconductors has a fifty-two week low of $106.87 and a fifty-two week high of $109.52. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.68 and a current ratio of 2.07.

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.

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

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