Comerica Bank grew its stake in NXP Semiconductors NV (NASDAQ:NXPI) by 58.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 48,201 shares of the semiconductor provider’s stock after acquiring an additional 17,768 shares during the period. Comerica Bank’s holdings in NXP Semiconductors were worth $4,730,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. First Personal Financial Services increased its stake in NXP Semiconductors by 356.0% during the 4th quarter. First Personal Financial Services now owns 342 shares of the semiconductor provider’s stock worth $25,000 after buying an additional 267 shares during the period. Covenant Multifamily Offices LLC purchased a new stake in NXP Semiconductors during the 1st quarter worth approximately $25,000. Legacy Bridge LLC purchased a new stake in NXP Semiconductors during the 4th quarter worth approximately $26,000. Lindbrook Capital LLC purchased a new stake in NXP Semiconductors during the 4th quarter worth approximately $26,000. Finally, Berman Capital Advisors LLC purchased a new stake in NXP Semiconductors during the 4th quarter worth approximately $27,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of NXP Semiconductors stock opened at $98.17 on Wednesday. NXP Semiconductors NV has a 12-month low of $67.62 and a 12-month high of $122.24. The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $30.61 billion, a PE ratio of 16.53, a P/E/G ratio of 1.14 and a beta of 1.16.
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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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
Further Reading: Asset Allocation and Your Retirement
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