Quinn Opportunity Partners LLC Sells 105,000 Shares of NXP Semiconductors NV (NXPI)
Quinn Opportunity Partners LLC reduced its stake in NXP Semiconductors NV (NASDAQ:NXPI) by 53.8% during the 4th quarter, HoldingsChannel reports. The fund owned 90,000 shares of the semiconductor provider’s stock after selling 105,000 shares during the period. NXP Semiconductors comprises about 1.7% of Quinn Opportunity Partners LLC’s portfolio, making the stock its 13th biggest position. Quinn Opportunity Partners LLC’s holdings in NXP Semiconductors were worth $10,538,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Leucadia National Corp lifted its position in shares of NXP Semiconductors by 9.4% in the fourth quarter. Leucadia National Corp now owns 271,967 shares of the semiconductor provider’s stock valued at $31,845,000 after acquiring an additional 23,267 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in NXP Semiconductors during the fourth quarter worth about $2,594,000. Sand Grove Capital Management LLP lifted its position in NXP Semiconductors by 142.2% during the fourth quarter. Sand Grove Capital Management LLP now owns 626,849 shares of the semiconductor provider’s stock worth $73,348,000 after buying an additional 367,994 shares during the period. Advent Capital Management DE purchased a new position in NXP Semiconductors during the fourth quarter worth about $2,906,000. Finally, Allianz Asset Management GmbH lifted its position in NXP Semiconductors by 1.0% during the fourth quarter. Allianz Asset Management GmbH now owns 271,543 shares of the semiconductor provider’s stock worth $31,795,000 after buying an additional 2,755 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.
Several equities analysts recently weighed in on NXPI shares. Zacks Investment Research upgraded NXP Semiconductors from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a research report on Saturday, December 23rd. ValuEngine upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday. Jefferies Group reiterated a “hold” rating and set a $120.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 13th. Mizuho reiterated a “hold” rating and set a $110.00 target price on shares of NXP Semiconductors in a research report on Thursday, February 8th. Finally, Sanford C. Bernstein set a $125.00 target price on NXP Semiconductors and gave the stock a “hold” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $117.00.
TRADEMARK VIOLATION WARNING: This report was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.dailypolitical.com/2018/03/04/quinn-opportunity-partners-llc-sells-105000-shares-of-nxp-semiconductors-nv-nxpi.html.
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.
Want to see what other hedge funds are holding NXPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NXP Semiconductors NV (NASDAQ:NXPI).
Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.