Honeycomb Asset Management LP Buys New Stake in NXP Semiconductors NV (NXPI)
Honeycomb Asset Management LP bought a new position in NXP Semiconductors NV (NASDAQ:NXPI) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 50,000 shares of the semiconductor provider’s stock, valued at approximately $5,854,000. NXP Semiconductors accounts for approximately 0.7% of Honeycomb Asset Management LP’s investment portfolio, making the stock its 24th biggest holding.
Other large investors have also modified their holdings of the company. Fieldpoint Private Securities LLC purchased a new position in NXP Semiconductors in the 3rd quarter worth $113,000. Risk Paradigm Group LLC increased its position in shares of NXP Semiconductors by 92.3% in the third quarter. Risk Paradigm Group LLC now owns 1,192 shares of the semiconductor provider’s stock valued at $135,000 after acquiring an additional 572 shares during the period. Horan Capital Advisors LLC. purchased a new position in shares of NXP Semiconductors in the third quarter valued at about $136,000. Valeo Financial Advisors LLC increased its position in shares of NXP Semiconductors by 931.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,320 shares of the semiconductor provider’s stock valued at $155,000 after acquiring an additional 1,192 shares during the period. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the fourth quarter valued at about $209,000. Institutional investors own 82.04% of the company’s stock.
NXPI has been the topic of a number of analyst reports. Mizuho restated a “hold” rating and issued a $110.00 price objective on shares of NXP Semiconductors in a research report on Thursday, February 8th. Zacks Investment Research cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub cut shares of NXP Semiconductors from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. SunTrust Banks boosted their price objective on shares of NXP Semiconductors to $127.50 and gave the company a “hold” rating in a research report on Tuesday, February 20th. Finally, Sanford C. Bernstein set a $125.00 price objective on shares of NXP Semiconductors and gave the company a “hold” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $117.00.
NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, February 7th. The semiconductor provider reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $1.45. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.37 billion. NXP Semiconductors had a net margin of 23.93% and a return on equity of 18.68%. sell-side analysts forecast that NXP Semiconductors NV will post 6.51 earnings per share for the current fiscal year.
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About NXP Semiconductors
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.
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