Angelo Gordon & Company LP Has Upped Stake in Nxp Semiconductors N V (NXPI) as Share Price Rose

November 15, 2017 - By Migdalia James

John M. Angelo increased its stake in Nxp Semiconductors N V (NXPI) by 900% based on its latest 2017Q2 regulatory filing with the SEC. Angelo Gordon & Company Lp bought 900,000 shares as the company’s stock rose 5.22% with the market. The hedge fund run by John M. Angelo held 1.00M shares of the semiconductors company at the end of 2017Q2, valued at $109.45M, 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 $39.89B market cap company. The stock declined 0.19% or $0.22 reaching $115.28 on the news. About 396,858 shares traded. NXP Semiconductors NV (NASDAQ:NXPI) has risen 24.67% since November 15, 2016 and is uptrending. It has outperformed by 7.97% the S&P500.

Angelo Gordon & Company Lp, which manages about $30.60 billion and $2.04B US Long portfolio, decreased its stake in Kayne Anderson Acquisition by 1.10M shares to 200,000 shares, valued at $2.00M in 2017Q2, according to the filing. It also reduced its holding in Tribune Media Co by 3.07M shares in the quarter, leaving it with 2.03 million shares, and cut its stake in Conyers Park Acquisition Corp.

More notable recent NXP Semiconductors NV (NASDAQ:NXPI) news were published by: Nasdaq.com which released: “NXP Foundation Presents the 2017 Women’s STEM Leadership Forum” on October 26, 2017, also Zacks.com with their article: “Qualcomm (QCOM) Reaffirms NXP Semiconductors Deal Closure” published on October 19, 2017, Globenewswire.com published: “NXP Semiconductors Reports Third Quarter 2017 Results” on October 26, 2017. More interesting news about NXP Semiconductors NV (NASDAQ:NXPI) were released by: Nasdaq.com and their article: “NXP Semiconductors (NXPI) Q3 Earnings: What’s in Store?” published on October 23, 2017 as well as Nasdaq.com‘s news article titled: “BBT Capital Management, LLC Buys NXP Semiconductors NV, Rockwell Collins Inc …” with publication date: November 09, 2017.

NXP Semiconductors NV (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 maintained the stock with “Hold” rating in Monday, July 10 report. Pacific Crest downgraded NXP Semiconductors NV (NASDAQ:NXPI) on Tuesday, November 1 to “Sector Weight” rating. The rating was maintained by Oppenheimer on Friday, October 30 with “Outperform”. Mizuho maintained NXP Semiconductors NV (NASDAQ:NXPI) rating on Thursday, October 27. Mizuho has “Buy” rating and $110 target. The firm earned “Hold” rating on Thursday, October 27 by Jefferies. SunTrust maintained the shares of NXPI in report on Tuesday, September 1 with “Buy” rating. The firm has “Neutral” rating given on Friday, October 28 by Robert W. Baird. As per Friday, October 28, the company rating was downgraded by Morgan Stanley. The stock has “Outperform” rating by BMO Capital Markets on Friday, October 30. The firm has “Buy” rating by CLSA given on Tuesday, May 17.

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