Verition Fund Management buys $3,961,682 stake in NXP Semiconductors NV (NXPI)

NXP Semiconductors NV (NXPI) : Verition Fund Management scooped up 11,459 additional shares in NXP Semiconductors NV during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 46,050 shares of NXP Semiconductors NV which is valued at $3,961,682.NXP Semiconductors NV makes up approximately 0.97% of Verition Fund Management’s portfolio.

Other Hedge Funds, Including , Kcm Investment Advisors reduced its stake in NXPI by selling 1,116 shares or 14.7% in the most recent quarter. The Hedge Fund company now holds 6,478 shares of NXPI which is valued at $557,302. NXP Semiconductors NV makes up approx 0.04% of Kcm Investment Advisors’s portfolio.Bokf Na reduced its stake in NXPI by selling 5,815 shares or 11.21% in the most recent quarter. The Hedge Fund company now holds 46,049 shares of NXPI which is valued at $3,961,595. NXP Semiconductors NV makes up approx 0.14% of Bokf Na’s portfolio.Scout Investments reduced its stake in NXPI by selling 62,122 shares or 64.88% in the most recent quarter. The Hedge Fund company now holds 33,627 shares of NXPI which is valued at $2,897,975. NXP Semiconductors NV makes up approx 0.08% of Scout Investments’s portfolio. De Burlo Group Inc sold out all of its stake in NXPI during the most recent quarter. The investment firm sold 26,900 shares of NXPI which is valued $2,306,406.Msi Financial Services Inc reduced its stake in NXPI by selling 5,647 shares or 21.12% in the most recent quarter. The Hedge Fund company now holds 21,095 shares of NXPI which is valued at $1,844,547. NXP Semiconductors NV makes up approx 0.06% of Msi Financial Services Inc’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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