Suffolk Capital Management Lowers stake in NXP Semiconductors NV (NXPI)

NXP Semiconductors NV (NXPI) : Suffolk Capital Management reduced its stake in NXP Semiconductors NV by 4.19% during the most recent quarter end. The investment management company now holds a total of 171,103 shares of NXP Semiconductors NV which is valued at $14,745,657 after selling 7,483 shares in NXP Semiconductors NV , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.NXP Semiconductors NV makes up approximately 1.77% of Suffolk Capital Management’s portfolio.

Other Hedge Funds, Including , Geneva Advisors reduced its stake in NXPI by selling 1,266 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 80,048 shares of NXPI which is valued at $6,898,537. NXP Semiconductors NV makes up approx 0.13% of Geneva Advisors’s portfolio.Stephens Inc Ar boosted its stake in NXPI in the latest quarter, The investment management firm added 521 additional shares and now holds a total of 2,466 shares of NXP Semiconductors NV which is valued at $211,435. NXP Semiconductors NV makes up approx 0.01% of Stephens Inc Ar’s portfolio.Td Asset Management Inc boosted its stake in NXPI in the latest quarter, The investment management firm added 152,289 additional shares and now holds a total of 512,463 shares of NXP Semiconductors NV which is valued at $43,938,578. NXP Semiconductors NV makes up approx 0.08% of Td Asset Management Inc’s portfolio.California Public Employees Retirement System reduced its stake in NXPI by selling 19,900 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 708,708 shares of NXPI which is valued at $58,929,070. NXP Semiconductors NV makes up approx 0.09% of California Public Employees Retirement System’s portfolio. Cornerstone Financial Partners added NXPI to its portfolio by purchasing 7,091 company shares during the most recent quarter which is valued at $589,617. NXP Semiconductors NV makes up approx 0.21% of Cornerstone Financial Partners’s portfolio.

NXP Semiconductors NV opened for trading at $86.65 and hit $88.8 on the upside on Monday, eventually ending the session at $88.52, with a gain of 2.89% or 2.49 points. The heightened volatility saw the trading volume jump to 31,34,981 shares. Company has a market cap of $30,027 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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