NXP Semiconductors NV (NXPI) : Basso Capital Management added new position in NXP Semiconductors NV during the most recent quarter end. The investment management firm now holds 7,500 shares of NXP Semiconductors NV which is valued at $645,225 , the company said in a statement filed on Aug 15, 2016 with the SEC.NXP Semiconductors NV makes up approximately 0.86% of Basso Capital Management’s portfolio.
Other Hedge Funds, Including , Meiji Yasuda Life Insurance Co boosted its stake in NXPI in the latest quarter, The investment management firm added 2,800 additional shares and now holds a total of 15,750 shares of NXP Semiconductors NV which is valued at $1,354,973. NXP Semiconductors NV makes up approx 0.21% of Meiji Yasuda Life Insurance Co’s portfolio.Whittier Trust Co boosted its stake in NXPI in the latest quarter, The investment management firm added 18,495 additional shares and now holds a total of 91,486 shares of NXP Semiconductors NV which is valued at $7,693,058. NXP Semiconductors NV makes up approx 0.33% of Whittier Trust Co’s portfolio.
NXP Semiconductors NV closed down -1.22 points or -1.39% at $86.61 with 2,929,640 shares getting traded on Wednesday. Post opening the session at $87.63, the shares hit an intraday low of $86.59 and an intraday high of $87.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.
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.