Renaissance Investment Group buys $6,582,428 stake in NXP Semiconductors NV (NXPI)

NXP Semiconductors NV (NXPI) : Renaissance Investment Group scooped up 275 additional shares in NXP Semiconductors NV during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 64,635 shares of NXP Semiconductors NV which is valued at $6,582,428.NXP Semiconductors NV makes up approximately 3.21% of Renaissance Investment Group’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in NXPI by selling 16,399 shares or 77.74% in the most recent quarter. The Hedge Fund company now holds 4,696 shares of NXPI which is valued at $478,241. NXP Semiconductors NV makes up approx 0.02% of Msi Financial Services Inc’s portfolio.British Columbia Investment Management Corp reduced its stake in NXPI by selling 33,300 shares or 51.31% in the most recent quarter. The Hedge Fund company now holds 31,600 shares of NXPI which is valued at $3,220,988. NXP Semiconductors NV makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.First American Trust Fsb reduced its stake in NXPI by selling 11,296 shares or 40.74% in the most recent quarter. The Hedge Fund company now holds 16,432 shares of NXPI which is valued at $1,684,280. NXP Semiconductors NV makes up approx 0.53% of First American Trust Fsb’s portfolio.Independent Portfolio Consultants boosted its stake in NXPI in the latest quarter, The investment management firm added 205 additional shares and now holds a total of 5,872 shares of NXP Semiconductors NV which is valued at $601,880. NXP Semiconductors NV makes up approx 0.19% of Independent Portfolio Consultants’s portfolio.Telemus Capital reduced its stake in NXPI by selling 7,612 shares or 14.66% in the most recent quarter. The Hedge Fund company now holds 44,319 shares of NXPI which is valued at $4,542,698. NXP Semiconductors NV makes up approx 0.51% of Telemus Capital’s portfolio.

NXP Semiconductors NV closed down -0.9 points or -0.88% at $101.93 with 43,92,760 shares getting traded on Tuesday. Post opening the session at $102.77, the shares hit an intraday low of $100.69 and an intraday high of $102.77 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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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