Stock News

Southpoint Capital Advisors LP Has Trimmed Its Position in Ringcentral (RNG) as Stock Price Rose; As Nxp Semiconductors N V (Put) (NXPI) Stock Declined, Capstone Investment Advisors Lifted Position by $36.59 Million

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

Rob Butts decreased its stake in Ringcentral Inc (RNG) by 71.75% based on its latest 2018Q1 regulatory filing with the SEC. Southpoint Capital Advisors Lp sold 507,900 shares as the company’s stock rose 16.86% while stock markets declined. The hedge fund run by Rob Butts held 200,000 shares of the technology company at the end of 2018Q1, valued at $12.70 million, down from 707,900 at the end of the previous reported quarter. Southpoint Capital Advisors Lp who had been investing in Ringcentral Inc for a number of months, seems to be less bullish one the $6.07B market cap company. The stock increased 0.13% or $0.1 during the last trading session, reaching $77.1. About 776,434 shares traded or 27.43% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 114.00% since June 21, 2017 and is uptrending. It has outperformed by 101.43% the S&P500. Some Historical RNG News: 15/05/2018 – RingCentral Presenting at JPMorgan Conference Tomorrow; 09/05/2018 – RingCentral Sees 2Q Rev $154.5M-$156.5M; 14/05/2018 – RingCentral’s Lisa Del Real Named to 2018 CRN Women of the Channel Power 100 List; 09/05/2018 – RingCentral 1Q Adj EPS 16c; 09/05/2018 – RINGCENTRAL INC SEES FULL YEAR 2018 TOTAL REVENUE RANGE TO $638 TO $647 MLN; 24/04/2018 – CRN Exclusive: RingCentral Adds MicroCorp To Program Roster In Bid To Capitalize On Channel Momentum; 30/05/2018 – RingCentral Investor Day and Upcoming Conference Participation; 07/03/2018 – RingCentral Launches Integrated Collaborative Meetings Solution; 02/04/2018 – RingCentral Given 5-Star Rating in CRN’s 2018 Partner Program Guide; 06/03/2018 – UCaaS Subscriber Numbers are Blossoming; Mitel and RingCentral Lead

Capstone Investment Advisors Llc increased its stake in Nxp Semiconductors N V (Put) (NXPI) by 347.06% based on its latest 2018Q1 regulatory filing with the SEC. Capstone Investment Advisors Llc bought 312,700 shares as the company’s stock declined 6.16% with the market. The hedge fund held 402,800 shares of the semiconductors company at the end of 2018Q1, valued at $47.13M, up from 90,100 at the end of the previous reported quarter. Capstone Investment Advisors Llc who had been investing in Nxp Semiconductors N V (Put) for a number of months, seems to be bullish on the $38.84 billion market cap company. The stock increased 3.61% or $3.93 during the last trading session, reaching $112.92. About 7.06 million shares traded. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 8.19% since June 21, 2017 and is uptrending. It has underperformed by 4.38% the S&P500. Some Historical NXPI News: 27/05/2018 – SCMP News: Qualcomm to meet Chinese regulators in bid to clear US$44 billion NXP deal, sources sa; 21/05/2018 – QUALCOMM – OUTSTANDING NOTES CONTAIN PROVISIONS THAT WILL REQUIRE QUALCOMM TO REDEEM NOTES IF DEAL HAS NOT BEEN CONSUMMATED ON/ BEFORE JUNE 1; 14/05/2018 – China Is Said to Restart Review of Qualcomm’s Proposed NXP Deal; 19/04/2018 – QUALCOMM INC – ANNOUNCED RENEWED CLEARANCE FROM FEDERAL TRADE COMMISSION UNDER HART-SCOTT-RODINO (HSR) ANTITRUST IMPROVEMENTS ACT OF 1976; 26/04/2018 – QUALCOMM CEO MOLLENKOPF SAYS ON APPLE DISPUTE THAT CO IS ENGAGED IN ACTIVE DIALOGUE WITH APPLE- CNBC; 24/05/2018 – NXP SEMICONDUCTORS HOLDER ELLIOTT CONFIRMS 4.95% EXPOSURE; 02/04/2018 – QUALCOMM INC – TENDER OFFER IS NOW SCHEDULED TO EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON APRIL 6, 2018; 27/05/2018 – Channel NewsAsia: Qualcomm to meet China regulators in push to clear US$44 billion NXP deal; 12/04/2018 – QUALCOMM IS SAID TO PULL, REFILE WITH MOFCOM ON NXPI: DEALREP; 24/05/2018 – ELLIOTT ASSOCIATES HAD PREVIOUSLY REPORTED COMBINED ECONOMIC EXPOSURE OF ABOUT 7.1 PCT STAKE IN NXP SEMICONDUCTORS AS OF FEB 16 – SEC FILING

Capstone Investment Advisors Llc, which manages about $16.83B and $5.23B US Long portfolio, decreased its stake in Jpmorgan Chase & Co (NYSE:JPM) by 37,853 shares to 4,747 shares, valued at $522,000 in 2018Q1, according to the filing. It also reduced its holding in Herbalife Ltd (NYSE:HLF) by 40,598 shares in the quarter, leaving it with 63,402 shares, and cut its stake in Comcast Corp New (NASDAQ:CMCSA).

Among 28 analysts covering NXP Semiconductors NV (NASDAQ:NXPI), 9 have Buy rating, 1 Sell and 18 Hold. Therefore 32% are positive. NXP Semiconductors NV had 73 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Thursday, September 7 by Needham. The rating was maintained by SunTrust with “Buy” on Tuesday, September 1. The company was maintained on Thursday, February 8 by Bernstein. The firm earned “Neutral” rating on Wednesday, December 21 by Citigroup. On Thursday, October 27 the stock rating was maintained by Mizuho with “Buy”. Sterne Agee CRT initiated the stock with “Buy” rating in Wednesday, September 9 report. The firm has “Neutral” rating given on Monday, June 27 by Bank of America. The firm has “Buy” rating by Topeka Capital Markets given on Friday, February 5. On Friday, October 28 the stock rating was downgraded by CLSA to “Underperform”. The stock of NXP Semiconductors N.V. (NASDAQ:NXPI) has “Hold” rating given on Friday, September 1 by Stifel Nicolaus.

More notable recent NXP Semiconductors N.V. (NASDAQ:NXPI) news were published by: Seekingalpha.com which released: “WSJ: China near approval for Qualcomm’s NXP acquisition; NXPI +6.5%” on June 07, 2018, also Globenewswire.com with their article: “NXP Brings Standard Packages to RF Power” published on June 05, 2018, Seekingalpha.com published: “China still reviewing Qualcomm-NXP deal” on June 01, 2018. More interesting news about NXP Semiconductors N.V. (NASDAQ:NXPI) were released by: Seekingalpha.com and their article: “Qualcomm to meet Chinese regulators over NXP” published on May 28, 2018 as well as Nasdaq.com‘s news article titled: “NXP Processors Deliver Performance and Safety for Next-Generation Electric and Autonomous Vehicles” with publication date: June 18, 2018.

Southpoint Capital Advisors Lp, which manages about $2.99 billion and $2.26B US Long portfolio, upped its stake in Manitowoc Co Inc by 1.06M shares to 2.16 million shares, valued at $61.61 million in 2018Q1, according to the filing. It also increased its holding in Pg&E Corp (NYSE:PCG) by 1.70M shares in the quarter, for a total of 4.20 million shares, and has risen its stake in Comcast Corp New (NASDAQ:CMCSA).

Analysts await RingCentral, Inc. (NYSE:RNG) to report earnings on August, 1. They expect $-0.06 earnings per share, up 40.00% or $0.04 from last year’s $-0.1 per share.

Among 18 analysts covering RingCentral (NYSE:RNG), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. RingCentral had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of RingCentral, Inc. (NYSE:RNG) earned “Outperform” rating by RBC Capital Markets on Tuesday, October 6. The stock has “Hold” rating by J.P. Morgan on Tuesday, December 12. The firm earned “Equal-Weight” rating on Friday, April 27 by Morgan Stanley. Northland Capital maintained RingCentral, Inc. (NYSE:RNG) on Tuesday, February 13 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and $26 target in Wednesday, December 2 report. Canaccord Genuity initiated the shares of RNG in report on Monday, August 10 with “Buy” rating. The stock of RingCentral, Inc. (NYSE:RNG) earned “Outperform” rating by Oppenheimer on Tuesday, June 19. The firm earned “Buy” rating on Wednesday, October 25 by Bank of America. The stock of RingCentral, Inc. (NYSE:RNG) earned “Outperform” rating by RBC Capital Markets on Wednesday, December 9. The stock has “Outperform” rating by Oppenheimer on Thursday, November 9.

Since January 4, 2018, it had 0 insider buys, and 24 selling transactions for $20.62 million activity. 62,087 shares were sold by Shmunis Vladimir, worth $4.63 million. Another trade for 10,000 shares valued at $620,958 was sold by Shah Praful. 3,000 shares were sold by Dhruv Mitesh, worth $187,560 on Tuesday, February 20. THEIS ROBERT I sold $150,000 worth of stock or 2,000 shares. Michelle McKenna sold $501,707 worth of stock. On Tuesday, May 29 the insider Marlow John H sold $928,250.

Investors sentiment increased to 1.16 in 2018 Q1. Its up 0.19, from 0.97 in 2017Q4. It is positive, as 11 investors sold RNG shares while 79 reduced holdings. 58 funds opened positions while 46 raised stakes. 57.87 million shares or 3.07% more from 56.14 million shares in 2017Q4 were reported. Axa holds 0.02% of its portfolio in RingCentral, Inc. (NYSE:RNG) for 96,100 shares. Clearbridge Invs Lc, a New York-based fund reported 24 shares. Moreover, Amalgamated Bancorporation has 0.01% invested in RingCentral, Inc. (NYSE:RNG). The New York-based Stone Ridge Asset Limited Company has invested 0.03% in RingCentral, Inc. (NYSE:RNG). The Washington-based Tradewinds Capital Management Limited Liability Company has invested 0% in RingCentral, Inc. (NYSE:RNG). National Asset Inc accumulated 0.05% or 5,558 shares. World Invsts stated it has 0.1% of its portfolio in RingCentral, Inc. (NYSE:RNG). Us Financial Bank De stated it has 722 shares or 0% of all its holdings. The Massachusetts-based Winslow Evans And Crocker has invested 0% in RingCentral, Inc. (NYSE:RNG). 1492 Mngmt Limited Liability holds 110,931 shares. Basso Capital Mngmt Lp, a Connecticut-based fund reported 40,900 shares. Syntal Cap Llc invested in 29,654 shares. Price T Rowe Assoc Inc Md accumulated 0.01% or 764,539 shares. Great West Life Assurance Can has 0% invested in RingCentral, Inc. (NYSE:RNG) for 7,394 shares. Portolan Capital Ltd Limited Liability Company has invested 0.08% in RingCentral, Inc. (NYSE:RNG).

More notable recent RingCentral, Inc. (NYSE:RNG) news were published by: Benzinga.com which released: “8 Biggest Price Target Changes For Tuesday” on June 19, 2018, also Seekingalpha.com with their article: “Clean Energy Fuels Hits The Target – Is There More Upside To Come?” published on June 11, 2018, Streetinsider.com published: “RingCentral (RNG) PT Raised to $82 at Northland Capital Markets” on June 19, 2018. More interesting news about RingCentral, Inc. (NYSE:RNG) were released by: Businesswire.com and their article: “Intelsat Empowers Global Workforce With RingCentral Cloud Communications Solutions” published on June 11, 2018 as well as Streetinsider.com‘s news article titled: “William Blair Remains Bullish on Ringcentral, Inc. (RNG) Following Analyst Day” with publication date: June 18, 2018.

RingCentral, Inc. (NYSE:RNG) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *