As Nxp Semiconductors N V (NXPI) Market Value Rose, Whitebox Advisors LLC Has Upped Its Stake

October 12, 2017 - By Migdalia James

Andy Redleaf increased its stake in Nxp Semiconductors N V (NXPI) by 135.94% based on its latest 2017Q2 regulatory filing with the SEC. Whitebox Advisors Llc bought 278,685 shares as the company’s stock rose 5.22% with the market. The hedge fund run by Andy Redleaf held 483,685 shares of the semiconductors company at the end of 2017Q2, valued at $52.94 million, up from 205,000 at the end of the previous reported quarter. Whitebox Advisors Llc who had been investing in Nxp Semiconductors N V for a number of months, seems to be bullish on the $39.75B market cap company. The stock declined 0.50% or $0.58 reaching $114.88 on the news. About 555,121 shares traded. NXP Semiconductors NV (NASDAQ:NXPI) has risen 24.67% since October 12, 2016 and is uptrending. It has outperformed by 7.97% the S&P500.

Whitebox Advisors Llc, which manages about $8.40 billion and $2.48B US Long portfolio, decreased its stake in Encore Cap Group Inc (Prn) by 3.50 million shares to 17.00M shares, valued at $18.15 million in 2017Q2, according to the filing. It also reduced its holding in Par Pacific Holdings Inc (NYSEMKT:PARR) by 245,616 shares in the quarter, leaving it with 6.77M shares, and cut its stake in New York Mtg Tr Inc (Prn).

More notable recent NXP Semiconductors NV (NASDAQ:NXPI) news were published by: Fool.com which released: “Forget Qualcomm: NXP Semiconductors Is a Great Growth Stock In Its Own Right” on September 30, 2017, also Zacks.com with their article: “Qualcomm Extends Cash Tender Offer for NXP Semiconductors” published on September 27, 2017, Globenewswire.com published: “Identiv Leverages iOS 11 to Bring the Endless Possibilities of NFC to Everyone” on October 12, 2017. More interesting news about NXP Semiconductors NV (NASDAQ:NXPI) were released by: Nasdaq.com and their article: “Qualcomm Offers Concession to EU for NXP Semiconductors Deal” published on October 11, 2017 as well as Zacks.com‘s news article titled: “Is Qualcomm’s Merger With NXP Semiconductors Facing Trouble?” with publication date: September 12, 2017.

NXP Semiconductors NV (NASDAQ:NXPI) Ratings Coverage

Among 27 analysts covering NXP Semiconductors NV (NASDAQ:NXPI), 10 have Buy rating, 1 Sell and 16 Hold. Therefore 37% are positive. NXP Semiconductors NV had 51 analyst reports since August 3, 2015 according to SRatingsIntel. Jefferies maintained NXP Semiconductors NV (NASDAQ:NXPI) on Friday, April 29 with “Buy” rating. As per Friday, October 28, the company rating was downgraded by Suntrust Robinson. As per Friday, February 5, the company rating was maintained by Topeka Capital Markets. The stock has “Neutral” rating by Goldman Sachs on Wednesday, February 3. The stock of NXP Semiconductors NV (NASDAQ:NXPI) has “Buy” rating given on Tuesday, September 1 by SunTrust. Citigroup initiated NXP Semiconductors NV (NASDAQ:NXPI) on Wednesday, December 21 with “Neutral” rating. The rating was maintained by Stifel Nicolaus on Friday, September 1 with “Hold”. The rating was downgraded by Pacific Crest to “Sector Weight” on Tuesday, November 1. The company was downgraded on Friday, October 28 by Morgan Stanley. The firm has “Overweight” rating by Morgan Stanley given on Monday, October 12.

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