Johnston Asset Management Corp buys $200,374,064 stake in NXP Semiconductors NV (NXPI)

NXP Semiconductors NV (NXPI) : Johnston Asset Management Corp scooped up 497,249 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 2, 2016. The investment management firm now holds a total of 2,347,400 shares of NXP Semiconductors NV which is valued at $200,374,064.NXP Semiconductors NV makes up approximately 11.83% of Johnston Asset Management Corp’s portfolio.

NXP Semiconductors NV opened for trading at $84.94 and hit $86.33 on the upside on Friday, eventually ending the session at $85.36, with a gain of 0.14% or 0.12 points. The heightened volatility saw the trading volume jump to 27,63,059 shares. Company has a market cap of $29,239 M.

Other Hedge Funds, Including , Deltec Asset Management reduced its stake in NXPI by selling 14,060 shares or 12.17% in the most recent quarter. The Hedge Fund company now holds 101,449 shares of NXPI which is valued at $8,651,571. NXP Semiconductors NV makes up approx 2.14% of Deltec Asset Management’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in NXPI in the latest quarter, The investment management firm added 13,726 additional shares and now holds a total of 114,386 shares of NXP Semiconductors NV which is valued at $9,653,035. NXP Semiconductors NV makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.Quantitative Systematic Strategies reduced its stake in NXPI by selling 9,626 shares or 75.22% in the most recent quarter. The Hedge Fund company now holds 3,171 shares of NXPI which is valued at $267,601. NXP Semiconductors NV makes up approx 0.10% of Quantitative Systematic Strategies’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 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 .Company shares were Reiterated by Topeka Capital Markets on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .

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.

Leave a Reply

NXP Semiconductors NV - Is it time to Sell?

Top Brokerage Firms are advising their investors on NXP Semiconductors NV. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.