Alpine Associates Management Inc. Raises Stake in NXP Semiconductors NV (NASDAQ:NXPI)

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Alpine Associates Management Inc. boosted its position in NXP Semiconductors NV (NASDAQ:NXPI) by 23.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,197,810 shares of the semiconductor provider’s stock after purchasing an additional 424,205 shares during the quarter. NXP Semiconductors comprises about 8.5% of Alpine Associates Management Inc.’s holdings, making the stock its 2nd largest position. Alpine Associates Management Inc. owned 0.64% of NXP Semiconductors worth $257,145,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NXPI. Dimensional Fund Advisors LP increased its stake in shares of NXP Semiconductors by 17.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,558 shares of the semiconductor provider’s stock valued at $1,307,000 after acquiring an additional 1,745 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of NXP Semiconductors by 5.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 132,767 shares of the semiconductor provider’s stock worth $15,546,000 after purchasing an additional 6,877 shares during the period. Jennison Associates LLC purchased a new stake in shares of NXP Semiconductors during the 4th quarter worth about $2,201,000. IFC Holdings Incorporated FL grew its holdings in shares of NXP Semiconductors by 56.9% during the 4th quarter. IFC Holdings Incorporated FL now owns 4,319 shares of the semiconductor provider’s stock worth $509,000 after purchasing an additional 1,567 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of NXP Semiconductors by 2.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 121,966 shares of the semiconductor provider’s stock worth $14,281,000 after purchasing an additional 3,375 shares during the period. 81.01% of the stock is owned by hedge funds and other institutional investors.

Shares of NXPI stock traded up $1.56 on Thursday, hitting $113.01. 6,708,343 shares of the stock traded hands, compared to its average volume of 5,870,884. The company has a current ratio of 2.07, a quick ratio of 1.68 and a debt-to-equity ratio of 0.38. The firm has a market cap of $40.65 billion, a P/E ratio of 15.74, a P/E/G ratio of 0.99 and a beta of 0.81. NXP Semiconductors NV has a 1-year low of $90.83 and a 1-year high of $125.93.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, May 2nd. The semiconductor provider reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.55). NXP Semiconductors had a net margin of 10.39% and a return on equity of 16.51%. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.35 billion. research analysts forecast that NXP Semiconductors NV will post 6 EPS for the current fiscal year.

A number of analysts have recently issued reports on NXPI shares. SunTrust Banks boosted their target price on NXP Semiconductors to $127.50 and gave the stock a “hold” rating in a report on Tuesday, February 20th. BidaskClub upgraded NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. Robert W. Baird restated a “hold” rating on shares of NXP Semiconductors in a report on Friday, February 23rd. Jefferies Financial Group restated a “hold” rating on shares of NXP Semiconductors in a report on Tuesday, February 27th. Finally, ValuEngine upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $119.77.

About NXP Semiconductors

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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