NXP Semiconductors NV (NXPI) : Verition Fund Management scooped up 11,459 additional shares in NXP Semiconductors NV during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 46,050 shares of NXP Semiconductors NV which is valued at $3.8 Million.NXP Semiconductors NV makes up approximately 1.01% of Verition Fund Management’s portfolio.
Other Hedge Funds, Including , Navellier Associates Inc sold out all of its stake in NXPI during the most recent quarter. The investment firm sold 354,002 shares of NXPI which is valued $29.4 Million.Eaton Vance Management reduced its stake in NXPI by selling 15,132 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 1,990,485 shares of NXPI which is valued at $165.3 Million. NXP Semiconductors NV makes up approx 0.51% of Eaton Vance Management’s portfolio.Novare Capital Management boosted its stake in NXPI in the latest quarter, The investment management firm added 5,337 additional shares and now holds a total of 7,942 shares of NXP Semiconductors NV which is valued at $659,742. NXP Semiconductors NV makes up approx 0.18% of Novare Capital Management’s portfolio.Blackrock Advisors reduced its stake in NXPI by selling 885,266 shares or 72.87% in the most recent quarter. The Hedge Fund company now holds 329,615 shares of NXPI which is valued at $27.4 Million. NXP Semiconductors NV makes up approx 0.03% of Blackrock Advisors’s portfolio.Three Peaks Capital Management reduced its stake in NXPI by selling 12,215 shares or 10.4% in the most recent quarter. The Hedge Fund company now holds 105,216 shares of NXPI which is valued at $9 Million. NXP Semiconductors NV makes up approx 1.63% of Three Peaks Capital Management’s portfolio.
NXP Semiconductors NV opened for trading at $92.18 and hit $92.8 on the upside on Wednesday, eventually ending the session at $91.95, with a gain of 0.40% or 0.37 points. The heightened volatility saw the trading volume jump to 29,25,543 shares. Company has a market cap of $31,497 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.