Brookside Capital Management Continues to Hold Stake in Nxp Semiconductors Nv (NXPI); As Associated Banc (ASB) Market Valuation Declined, Engineers Gate Manager LP Has Lifted Holding

February 15, 2018 - By Ellis Scott

Bain Capital increased its stake in Nxp Semiconductors Nv (NXPI) by 19.3% based on its latest 2017Q3 regulatory filing with the SEC. Brookside Capital Management Llc bought 92,061 shares as the company’s stock rose 5.22% with the market. The hedge fund run by Bain Capital held 569,062 shares of the semiconductors company at the end of 2017Q3, valued at $64.36 million, up from 477,001 at the end of the previous reported quarter. Brookside Capital Management Llc who had been investing in Nxp Semiconductors Nv for a number of months, seems to be bullish on the $39.30 billion market cap company. The stock increased 0.90% or $1.03 during the last trading session, reaching $115.91. About 488,457 shares traded. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 24.67% since February 15, 2017 and is uptrending. It has outperformed by 7.97% the S&P500.

Engineers Gate Manager Lp increased its stake in Associated Banc Corp (ASB) by 145.5% based on its latest 2017Q3 regulatory filing with the SEC. Engineers Gate Manager Lp bought 54,384 shares as the company’s stock declined 7.25% while stock markets rallied. The institutional investor held 91,761 shares of the major banks company at the end of 2017Q3, valued at $2.23M, up from 37,377 at the end of the previous reported quarter. Engineers Gate Manager Lp who had been investing in Associated Banc Corp for a number of months, seems to be bullish on the $4.26B market cap company. The stock decreased 0.10% or $0.02 during the last trading session, reaching $24.73. About 245,455 shares traded. Associated Banc-Corp (NYSE:ASB) has risen 34.85% since February 15, 2017 and is uptrending. It has outperformed by 18.15% the S&P500.

Brookside Capital Management Llc, which manages about $1.58B US Long portfolio, decreased its stake in Epizyme Inc (NASDAQ:EPZM) by 106,276 shares to 180,574 shares, valued at $3.44M in 2017Q3, according to the filing. It also reduced its holding in Northrop Grumman Corp (NYSE:NOC) by 322,758 shares in the quarter, leaving it with 97,485 shares, and cut its stake in Avexis Inc.

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 64 analyst reports since August 3, 2015 according to SRatingsIntel. As per Tuesday, May 17, the company rating was initiated by CLSA. The stock of NXP Semiconductors N.V. (NASDAQ:NXPI) has “Outperform” rating given on Friday, October 30 by Oppenheimer. The stock of NXP Semiconductors N.V. (NASDAQ:NXPI) earned “Perform” rating by Oppenheimer on Friday, October 28. The firm earned “Hold” rating on Friday, August 25 by Canaccord Genuity. Bernstein downgraded the stock to “Market Perform” rating in Thursday, October 26 report. The firm has “Hold” rating given on Monday, February 12 by Jefferies. Drexel Hamilton maintained NXP Semiconductors N.V. (NASDAQ:NXPI) on Thursday, August 3 with “Hold” rating. Jefferies maintained the shares of NXPI in report on Friday, April 29 with “Buy” rating. Jefferies maintained the shares of NXPI in report on Monday, September 11 with “Hold” rating. The company was initiated on Wednesday, September 9 by Sterne Agee CRT.

Among 15 analysts covering Associated Banc (NYSE:ASB), 1 have Buy rating, 1 Sell and 13 Hold. Therefore 7% are positive. Associated Banc had 41 analyst reports since October 9, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, August 16. Jefferies maintained Associated Banc-Corp (NYSE:ASB) rating on Friday, June 9. Jefferies has “Hold” rating and $2700 target. As per Friday, July 7, the company rating was maintained by RBC Capital Markets. Bank of America upgraded the shares of ASB in report on Thursday, December 15 to “Neutral” rating. The firm earned “Hold” rating on Tuesday, October 31 by Robert W. Baird. The firm has “Buy” rating given on Thursday, March 30 by SunTrust. Barclays Capital maintained Associated Banc-Corp (NYSE:ASB) rating on Monday, October 23. Barclays Capital has “Equal-Weight” rating and $27 target. The rating was upgraded by Deutsche Bank on Wednesday, January 13 to “Buy”. Morgan Stanley maintained it with “Equal-Weight” rating and $27 target in Wednesday, January 31 report. SunTrust maintained the shares of ASB in report on Tuesday, November 28 with “Hold” rating.

Engineers Gate Manager Lp, which manages about $645.79M and $1.19 billion US Long portfolio, decreased its stake in Mks Instrument Inc (NASDAQ:MKSI) by 24,382 shares to 14,726 shares, valued at $1.39M in 2017Q3, according to the filing. It also reduced its holding in Ferro Corp (NYSE:FOE) by 22,678 shares in the quarter, leaving it with 46,975 shares, and cut its stake in Transocean Ltd (NYSE:RIG).

Investors sentiment decreased to 1.12 in Q3 2017. Its down 0.28, from 1.4 in 2017Q2. It worsened, as 23 investors sold ASB shares while 66 reduced holdings. 33 funds opened positions while 67 raised stakes. 114.59 million shares or 2.37% less from 117.37 million shares in 2017Q2 were reported. Royal Bank & Trust Of Canada owns 58,710 shares. Oakbrook Limited Liability invested in 11,130 shares. Macquarie Gru holds 0% in Associated Banc-Corp (NYSE:ASB) or 2,200 shares. Martingale Asset Management Ltd Partnership accumulated 114,205 shares. State Common Retirement Fund holds 356,594 shares or 0.01% of its portfolio. Natixis invested 0% in Associated Banc-Corp (NYSE:ASB). Dimensional Fund Advsrs LP accumulated 0.11% or 10.65 million shares. Tower Research Ltd Limited Liability Company (Trc) invested in 0.01% or 4,053 shares. Vanguard Gru invested in 12.78M shares or 0.01% of the stock. Zeke Advsr Ltd holds 0.06% in Associated Banc-Corp (NYSE:ASB) or 17,900 shares. 11,720 are owned by Nomura. Dorsey Whitney Tru Limited Liability Co reported 0.4% stake. First Quadrant LP Ca owns 0.16% invested in Associated Banc-Corp (NYSE:ASB) for 348,061 shares. Ameriprise accumulated 1.94 million shares. Verition Fund Ltd Liability has 0.05% invested in Associated Banc-Corp (NYSE:ASB) for 24,220 shares.

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