NXP Semiconductors NV (NXPI) : Crescent Park Management added new position in NXP Semiconductors NV during the most recent quarter end. The investment management firm now holds 175,300 shares of NXP Semiconductors NV which is valued at $14.6 Million , the company said in a statement filed on May 13, 2016 with the SEC.NXP Semiconductors NV makes up approximately 3.33% of Crescent Park Management’s portfolio.
Other Hedge Funds, Including , Kayne Anderson Rudnick Investment Management sold out all of its stake in NXPI during the most recent quarter. The investment firm sold 30,582 shares of NXPI which is valued $2.5 Million.Trexquant Investment Lp reduced its stake in NXPI by selling 25,800 shares or 62.77% in the most recent quarter. The Hedge Fund company now holds 15,300 shares of NXPI which is valued at $1.3 Million. NXP Semiconductors NV makes up approx 0.15% of Trexquant Investment Lp’s portfolio. Summit Securities Group added NXPI to its portfolio by purchasing 76,858 company shares during the most recent quarter which is valued at $6.4 Million. NXP Semiconductors NV makes up approx 4.60% of Summit Securities Group’s portfolio.Pacad Investment Ltd. reduced its stake in NXPI by selling 17,936 shares or 44.8% in the most recent quarter. The Hedge Fund company now holds 22,100 shares of NXPI which is valued at $1.9 Million. NXP Semiconductors NV makes up approx 0.22% of Pacad Investment Ltd.’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.