NXP Semiconductors NV (NXPI) : Tyrus Capital S.a.m. reduced its stake in NXP Semiconductors NV by 35.93% during the most recent quarter end. The investment management company now holds a total of 510,000 shares of NXP Semiconductors NV which is valued at $43,875,300 after selling 286,000 shares in NXP Semiconductors NV , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.NXP Semiconductors NV makes up approximately 13.73% of Tyrus Capital S.a.m.’s portfolio.
Other Hedge Funds, Including , Valinor Management boosted its stake in NXPI in the latest quarter, The investment management firm added 267,200 additional shares and now holds a total of 1,809,199 shares of NXP Semiconductors NV which is valued at $155,645,390. NXP Semiconductors NV makes up approx 4.34% of Valinor Management’s portfolio.Gabelli Funds reduced its stake in NXPI by selling 10,300 shares or 26.21% in the most recent quarter. The Hedge Fund company now holds 29,000 shares of NXPI which is valued at $2,486,460. NXP Semiconductors NV makes up approx 0.01% of Gabelli Funds’s portfolio.First American Bank reduced its stake in NXPI by selling 16,659 shares or 21.74% in the most recent quarter. The Hedge Fund company now holds 59,954 shares of NXPI which is valued at $5,060,118. NXP Semiconductors NV makes up approx 0.50% of First American Bank’s portfolio. Barrett Asset Management sold out all of its stake in NXPI during the most recent quarter. The investment firm sold 270 shares of NXPI which is valued $22,726.
NXP Semiconductors NV closed down -0.07 points or -0.08% at $87.95 with 31,57,180 shares getting traded on Thursday. Post opening the session at $88.38, the shares hit an intraday low of $87.39 and an intraday high of $88.99 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.