Angelo Gordon & Company LP Increased Nxp Semiconductors N V (NXPI) Holding by $111.15 Million as Share Value Rose

May 27, 2018 - By Kenneth Lin

NXP Semiconductors N.V. (NASDAQ:NXPI) Logo

John M. Angelo increased its stake in Nxp Semiconductors N V (NXPI) by 950% based on its latest 2017Q4 regulatory filing with the SEC. Angelo Gordon & Company Lp bought 950,000 shares as the company’s stock rose 4.13% while stock markets declined. The hedge fund run by John M. Angelo held 1.05M shares of the semiconductors company at the end of 2017Q4, valued at $122.95M, up from 100,000 at the end of the previous reported quarter. Angelo Gordon & Company Lp who had been investing in Nxp Semiconductors N V for a number of months, seems to be bullish on the $40.18B market cap company. The stock increased 4.74% or $5.28 during the last trading session, reaching $116.79. About 9.02 million shares traded or 40.96% up from the average. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 17.73% since May 27, 2017 and is uptrending. It has outperformed by 6.18% the S&P500.

Angelo Gordon & Company Lp, which manages about $30.60 billion and $1.78 billion US Long portfolio, decreased its stake in Qiagen Nv (Prn) by 10.00 million shares to 10.00 million shares, valued at $11.50M in 2017Q4, according to the filing.

More notable recent NXP Semiconductors N.V. (NASDAQ:NXPI) news were published by: Nasdaq.com which released: “China Eases the Pressure on Qualcomm’s NXP Deal” on May 15, 2018, also Seekingalpha.com with their article: “NXP Semiconductors: The Disaster That Wasn’t” published on May 04, 2018, Nasdaq.com published: “3 (More) Artificial Intelligence Stocks You Hadn’t Thought Of” on May 25, 2018. More interesting news about NXP Semiconductors N.V. (NASDAQ:NXPI) were released by: Investorplace.com and their article: “Why NXP Semiconductors Stock Is Soaring Today” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “NXP Semiconductors, Micron among movers on trade war hold” with publication date: May 21, 2018.

NXP Semiconductors N.V. (NASDAQ:NXPI) Ratings Coverage

Among 9 analysts covering NXP Semiconductors (NASDAQ:NXPI), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. NXP Semiconductors had 12 analyst reports since February 7, 2018 according to SRatingsIntel. The stock has “Hold” rating by Oppenheimer on Wednesday, February 7. The firm earned “Buy” rating on Friday, April 27 by SunTrust. The stock has “Hold” rating by Deutsche Bank on Thursday, March 15. Stifel Nicolaus maintained the shares of NXPI in report on Friday, May 4 with “Hold” rating. The stock has “Hold” rating by Bernstein on Thursday, February 8. Drexel Hamilton maintained the shares of NXPI in report on Thursday, February 8 with “Hold” rating. As per Monday, March 19, the company rating was maintained by Morgan Stanley. Drexel Hamilton upgraded the stock to “Buy” rating in Thursday, May 3 report. The rating was maintained by Jefferies with “Hold” on Monday, February 12. The stock of NXP Semiconductors N.V. (NASDAQ:NXPI) has “Hold” rating given on Thursday, May 3 by Bernstein.

NXP Semiconductors N.V. (NASDAQ:NXPI) Ratings Chart

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