NXP Semiconductors NV (NXPI) : Renaissance Investment Group reduced its stake in NXP Semiconductors NV by 0.57% during the most recent quarter end. The investment management company now holds a total of 64,210 shares of NXP Semiconductors NV which is valued at $5.3 Million after selling 370 shares in NXP Semiconductors NV according to a report filed by the company on Apr 1, 2016 with the SEC.NXP Semiconductors NV makes up approximately 2.64% of Renaissance Investment Group’s portfolio.
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. NXP Semiconductors NV was Initiated by Nomura to “Buy” on Apr 11, 2016. Drexel Hamilton Initiated NXP Semiconductors NV on Mar 2, 2016 to “Buy”, Price Target of the shares are set at $102.Shares were Reiterated by Barclays on Feb 18, 2016 to “Overweight” and Lowered the Price Target to $ 95 from a previous price target of $100 .
NXP Semiconductors NV opened for trading at $83.54 and hit $84.25 on the upside on Monday, eventually ending the session at $82.98, with a gain of 0.29% or 0.24 points. The heightened volatility saw the trading volume jump to 26,09,346 shares. Company has a market cap of $28,379 M.
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.