Atwood Palmer Inc buys $23,372,639 stake in NXP Semiconductors NV (NXPI)

NXP Semiconductors NV (NXPI) : Atwood Palmer Inc scooped up 3,450 additional shares in NXP Semiconductors NV during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 276,927 shares of NXP Semiconductors NV which is valued at $23,372,639.NXP Semiconductors NV makes up approximately 4.06% of Atwood Palmer Inc’s portfolio.

Other Hedge Funds, Including , 1st Global Advisors reduced its stake in NXPI by selling 11,607 shares or 46.52% in the most recent quarter. The Hedge Fund company now holds 13,344 shares of NXPI which is valued at $1,126,234. NXP Semiconductors NV makes up approx 0.15% of 1st Global Advisors’s portfolio.Capital One National Association reduced its stake in NXPI by selling 7,228 shares or 45.53% in the most recent quarter. The Hedge Fund company now holds 8,646 shares of NXPI which is valued at $727,734. NXP Semiconductors NV makes up approx 0.06% of Capital One National Association’s portfolio.First Quadrant L Pca boosted its stake in NXPI in the latest quarter, The investment management firm added 11,300 additional shares and now holds a total of 74,607 shares of NXP Semiconductors NV which is valued at $6,279,671. NXP Semiconductors NV makes up approx 0.13% of First Quadrant L Pca’s portfolio.Ct Mason reduced its stake in NXPI by selling 19,421 shares or 62.4% in the most recent quarter. The Hedge Fund company now holds 11,703 shares of NXPI which is valued at $926,292. NXP Semiconductors NV makes up approx 0.39% of Ct Mason’s portfolio.

NXP Semiconductors NV closed down -3.09 points or -3.53% at $84.35 with 89,75,429 shares getting traded on Thursday. Post opening the session at $84.68, the shares hit an intraday low of $83.06 and an intraday high of $87.8 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. 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 NV was Upgraded by Goldman to ” Buy” on May 5, 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.

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