Taylor Asset Management Inc Lowers stake in NXP Semiconductors NV (NXPI)

NXP Semiconductors NV (NXPI) : Taylor Asset Management Inc reduced its stake in NXP Semiconductors NV by 5.89% during the most recent quarter end. The investment management company now holds a total of 410,500 shares of NXP Semiconductors NV which is valued at $34.1 Million after selling 25,700 shares in NXP Semiconductors NV , the firm said in a disclosure report filed with the SEC on May 11, 2016.NXP Semiconductors NV makes up approximately 8.77% of Taylor Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Allegis Investment Advisors sold out all of its stake in NXPI during the most recent quarter. The investment firm sold 322 shares of NXPI which is valued $26,749. Checchi Capital Advisers added NXPI to its portfolio by purchasing 473 company shares during the most recent quarter which is valued at $40,375. NXP Semiconductors NV makes up approx 0.01% of Checchi Capital Advisers’s portfolio. Rhumbline Advisers sold out all of its stake in NXPI during the most recent quarter. The investment firm sold 4,091 shares of NXPI which is valued $349,208.

NXP Semiconductors NV opened for trading at $84.79 and hit $85.94 on the upside on Monday, eventually ending the session at $84.97, with a gain of 2.29% or 1.9 points. The heightened volatility saw the trading volume jump to 27,34,834 shares. Company has a market cap of $29,106 M.

On the company’s financial health, NXP Semiconductors NV reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $1.02. The company had revenue of $1577.00 million for the quarter, compared to analysts expectations of $1541.18 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS.

Many Wall Street Analysts have commented on NXP Semiconductors NV. Credit Agricole Initiated NXP Semiconductors NV on May 17, 2016 to “Buy”, Price Target of the shares are set at $105.NXP Semiconductors NV was Upgraded by Goldman to ” Buy” on May 5, 2016. Company shares were Reiterated by Jefferies on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $112 .

NXP Semiconductors N.V. (NXP) is a holding company. The Company is a semiconductor company. The Company provides high performance mixed signal and standard product solutions. Its product solutions are used in a range of automotive identification wireless infrastructure lighting industrial mobile consumer and computing applications. The Company operates in two segments: High Performance Mixed Signal (HPMS) and Standard Products (SP). The Company sells two categories of products High Performance Mixed Signal product solutions and Standard Products. The HPMS segment offers semiconductors and system solutions. The SP segment consists of devices which can be incorporated in many different types of electronics equipment and which are sold to a range of customers both directly and through distributors.

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