Suffolk Capital Management Lowers stake in NXP Semiconductors NV (NXPI)

NXP Semiconductors NV (NXPI) : Suffolk Capital Management reduced its stake in NXP Semiconductors NV by 0.35% during the most recent quarter end. The investment management company now holds a total of 178,586 shares of NXP Semiconductors NV which is valued at $14,835,139 after selling 619 shares in NXP Semiconductors NV , the firm said in a disclosure report filed with the SEC on May 9, 2016.NXP Semiconductors NV makes up approximately 1.99% of Suffolk Capital Management’s portfolio.

Other Hedge Funds, Including , Lmr Partners Llp added NXPI to its portfolio by purchasing 155,841 company shares during the most recent quarter which is valued at $13,302,588. NXP Semiconductors NV makes up approx 2.03% of Lmr Partners Llp’s portfolio.Scout Investments reduced its stake in NXPI by selling 142,052 shares or 59.74% in the most recent quarter. The Hedge Fund company now holds 95,749 shares of NXPI which is valued at $8,173,135. NXP Semiconductors NV makes up approx 0.22% of Scout Investments’s portfolio. Capital Fund Management S.a. sold out all of its stake in NXPI during the most recent quarter. The investment firm sold 404,148 shares of NXPI which is valued $34,498,073.Cambridge Advisors boosted its stake in NXPI in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 8,910 shares of NXP Semiconductors NV which is valued at $759,845. NXP Semiconductors NV makes up approx 0.35% of Cambridge Advisors’s portfolio.

NXP Semiconductors NV closed down -0.18 points or -0.22% at $83.07 with 27,61,910 shares getting traded on Friday. Post opening the session at $83.59, the shares hit an intraday low of $82.996 and an intraday high of $84.73 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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