Castleark Management Lowers stake in NXP Semiconductors NV (NXPI)

NXP Semiconductors NV (NXPI) : Castleark Management reduced its stake in NXP Semiconductors NV by 7.64% during the most recent quarter end. The investment management company now holds a total of 456,050 shares of NXP Semiconductors NV which is valued at $39,233,982 after selling 37,740 shares in NXP Semiconductors NV , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.NXP Semiconductors NV makes up approximately 1.19% of Castleark Management’s portfolio.

Other Hedge Funds, Including , Cetera Advisor Networks added NXPI to its portfolio by purchasing 2,875 company shares during the most recent quarter which is valued at $247,336. NXP Semiconductors NV makes up approx 0.01% of Cetera Advisor Networks’s portfolio.Chartwell Investment Partners boosted its stake in NXPI in the latest quarter, The investment management firm added 490,320 additional shares and now holds a total of 703,848 shares of NXP Semiconductors NV which is valued at $60,347,928. NXP Semiconductors NV makes up approx 1.02% of Chartwell Investment Partners’s portfolio. Pitcairn Co sold out all of its stake in NXPI during the most recent quarter. The investment firm sold 25,473 shares of NXPI which is valued $2,227,359. Fox Run Management L.l.c. added NXPI to its portfolio by purchasing 3,600 company shares during the most recent quarter which is valued at $303,012. NXP Semiconductors NV makes up approx 0.14% of Fox Run Management L.l.c.’s portfolio.

NXP Semiconductors NV opened for trading at $87.58 and hit $89.04 on the upside on Friday, eventually ending the session at $88.38, with a gain of 0.89% or 0.78 points. The heightened volatility saw the trading volume jump to 25,33,677 shares. Company has a market cap of $29,979 M.

On the company’s financial health, NXP Semiconductors NV reported $1.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.35. The company had revenue of $2365.00 million for the quarter, compared to analysts expectations of $2340.08 million. The company’s revenue was up 57.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on NXP Semiconductors NV. Robert W. Baird Initiated NXP Semiconductors NV on Aug 2, 2016 to “Outperform”, Price Target of the shares are set at $110.NXP Semiconductors NV was Downgraded by BofA/Merrill to ” Neutral” on Jun 27, 2016. Credit Agricole Initiated NXP Semiconductors NV on May 17, 2016 to “Buy”, Price Target of the shares are set at $105.

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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