Telemus Capital Lowers stake in NXP Semiconductors NV (NXPI)

NXP Semiconductors NV (NXPI) : Telemus Capital reduced its stake in NXP Semiconductors NV by 14.66% during the most recent quarter end. The investment management company now holds a total of 44,319 shares of NXP Semiconductors NV which is valued at $4,542,698 after selling 7,612 shares in NXP Semiconductors NV , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.NXP Semiconductors NV makes up approximately 0.51% of Telemus Capital’s portfolio.

Other Hedge Funds, Including , 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.Eqis Capital Management boosted its stake in NXPI in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 2,739 shares of NXP Semiconductors NV which is valued at $280,748. NXP Semiconductors NV makes up approx 0.02% of Eqis Capital Management’s portfolio.Ct Mason boosted its stake in NXPI in the latest quarter, The investment management firm added 12,639 additional shares and now holds a total of 24,342 shares of NXP Semiconductors NV which is valued at $2,495,055. NXP Semiconductors NV makes up approx 1.10% of Ct Mason’s portfolio.Harbour Capital Advisors reduced its stake in NXPI by selling 600 shares or 7.34% in the most recent quarter. The Hedge Fund company now holds 7,570 shares of NXPI which is valued at $775,925. NXP Semiconductors NV makes up approx 0.42% of Harbour Capital Advisors’s portfolio.

NXP Semiconductors NV opened for trading at $102.76 and hit $104.95 on the upside on Tuesday, eventually ending the session at $103.23, with a gain of 0.46% or 0.47 points. The heightened volatility saw the trading volume jump to 57,38,113 shares. Company has a market cap of $35,017 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 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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