Tekne Capital Management adds NXP Semiconductors NV (NXPI) to its portfolio

NXP Semiconductors NV (NXPI) : Tekne Capital Management added new position in NXP Semiconductors NV during the most recent quarter end. The investment management firm now holds 116,500 shares of NXP Semiconductors NV which is valued at $10,022,495 , the company said in a statement filed on Aug 15, 2016 with the SEC.NXP Semiconductors NV makes up approximately 2.50% of Tekne Capital Management’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in NXPI by selling 56,279 shares or 39.32% in the most recent quarter. The Hedge Fund company now holds 86,869 shares of NXPI which is valued at $7,473,340. NXP Semiconductors NV makes up approx 0.04% of Susquehanna International Group Llp’s portfolio.United Services Automobile Association reduced its stake in NXPI by selling 106,872 shares or 14.76% in the most recent quarter. The Hedge Fund company now holds 617,403 shares of NXPI which is valued at $53,115,180. NXP Semiconductors NV makes up approx 0.18% of United Services Automobile Association’s portfolio. Gideon Capital Advisors added NXPI to its portfolio by purchasing 59,142 company shares during the most recent quarter which is valued at $5,087,986. NXP Semiconductors NV makes up approx 2.82% of Gideon Capital Advisors’s portfolio.Renaissance Group reduced its stake in NXPI by selling 225 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 160,041 shares of NXPI which is valued at $13,768,327. NXP Semiconductors NV makes up approx 0.56% of Renaissance Group’s portfolio.

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.

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