York Capital Management Global Advisors LLC Has Raised Holding in Nxp Semiconductors N V (NXPI) by $238.34 Million

December 8, 2017 - By Darrin Black

James Dinan increased its stake in Nxp Semiconductors N V (NXPI) by 68.53% based on its latest 2017Q2 regulatory filing with the SEC. York Capital Management Global Advisors Llc bought 2.19M shares as the company’s stock rose 5.22% with the market. The hedge fund run by James Dinan held 5.38 million shares of the semiconductors company at the end of 2017Q2, valued at $588.54 million, up from 3.19M at the end of the previous reported quarter. York Capital Management Global Advisors Llc who had been investing in Nxp Semiconductors N V for a number of months, seems to be bullish on the $39.03 billion market cap company. The stock increased 0.70% or $0.8 during the last trading session, reaching $115.13. About 2.10 million shares traded. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 24.67% since December 8, 2016 and is uptrending. It has outperformed by 7.97% the S&P500.

York Capital Management Global Advisors Llc, which manages about $4.79B US Long portfolio, decreased its stake in Melco Resort Entertainment L (NASDAQ:MPEL) by 599,771 shares to 325,229 shares, valued at $7.30 million in 2017Q2, according to the filing. It also reduced its holding in Ak Stl Hldg Corp (NYSE:AKS) by 1.38M shares in the quarter, leaving it with 1.15 million shares, and cut its stake in Dycom Inds Inc (NYSE:DY).

More important recent NXP Semiconductors N.V. (NASDAQ:NXPI) news were published by: Thestreet.com which released: “Qualcomm Vows NXP Shareholder Talks After Deal Approval” on December 07, 2017, also Fool.com published article titled: “Don’t Get Greedy With NXP Semiconductors NV Stock”, Bloomberg.com published: “Qualcomm’s NXP Bid Faces Shortage of Support as Activists Circle” on November 30, 2017. More interesting news about NXP Semiconductors N.V. (NASDAQ:NXPI) was released by: Zacks.com and their article: “Qualcomm-NXP Semiconductors Merger May Get EC Nod in 2018” with publication date: November 16, 2017.

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

Among 28 analysts covering NXP Semiconductors NV (NASDAQ:NXPI), 8 have Buy rating, 1 Sell and 19 Hold. Therefore 29% are positive. NXP Semiconductors NV had 60 analyst reports since August 3, 2015 according to SRatingsIntel. Jefferies downgraded the stock to “Hold” rating in Thursday, October 27 report. The firm has “Buy” rating given on Friday, April 29 by Jefferies. The firm earned “Hold” rating on Thursday, October 26 by Drexel Hamilton. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, November 3 report. The firm has “Buy” rating given on Thursday, September 7 by Needham. Jefferies maintained the stock with “Hold” rating in Monday, July 10 report. The firm has “Buy” rating given on Monday, April 11 by Nomura. The company was downgraded on Friday, October 28 by Oppenheimer. The firm has “Hold” rating given on Thursday, October 26 by Jefferies. Pacific Crest downgraded the shares of NXPI in report on Tuesday, November 1 to “Sector Weight” rating.

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