Tudor Investment Corp held the second largest position at the end of December 2018 in NXP Semiconductors NV (NASDAQ:NXPI), a Dutch global semiconductor manufacturer, with headquarters in Eindhoven, Netherlands. The fund’s position in the company was valued $53.10 million, on the account of 724,607 shares outstanding. NXP Semiconductors NV is known globally as an expert in the industry, working on innovations in the following sectors: cybersecurity, the Internet of Things, connected cars, and portables & wearables. The company is operating in over 30 countries, and last year it reported revenue of $9.41 billion.
In its last financial report for Q4 of 2018, NXP Semiconductors NV disclosed revenue of $2.4 billion, which represents a 2% decrease on a year to year basis, and earnings per diluted share of $0.94 versus EPS of $2.17 for the corresponding quarter in 2017. Interestingly, in the third quarter of 2018, it has delivered much higher earnings per share – $5.60. In the same year, NXP Semiconductors NV returned $5.08 billion to shareholders via previously declared share repurchases and dividend payments, in that manner cutting its diluted share count by 15%. The company has a market cap of $30.67 billion, and it is trading at a price-to-earnings ratio of 13.60. Over the last six months, the company’s stock lost 0.73%, and on March 5th it had a closing price of $93.30. On February 8th, Needham & Company LLC raised its price target to $105.00 with ‘Buy’ rating on the stock, while Mizuho downgraded its rating to “Neutral’ from ‘Buy’, and reduced its price target to $95.00 from $99.00.
The third largest stake Tudor Investment Corp held in Hanger Inc (NYSE:HNGR), one of the best providers of orthotic and prosthetic patient care, with a market cap of $731.81 million. The fund’s position in the company was worth $17.67 million, on the basis of 932,684 shares outstanding. Year-to-date, the company’s stock gained 5.19%, and on March 5th it had a closing price of $19.86.
When it comes to new positions, which Tudor Investment Management acquired in Q4 2018, one of the biggest was in BSB Bancorp Inc (NASDAQ:BLMT), a holding company for Belmont Savings Bank, which offers a variety of retail and commercial banking services to small enterprises. In this $344.12 million market cap company, the fund invested $12.84 million, purchasing 457,750 shares. The company is trading at a price-to-earnings ratio of 19.12, and over the last 12 months, its stock gained 15.03%, having a closing price of $35.20 on March 5th.
The second biggest new position the fund obtained during the fourth quarter of 2018 was in Tribune Company Common Stock (NYSE:TRCO), a conglomerate company with headquarter ins Chicago, Illinois. Tudor Investment Corp bought 278,654 shares of the company, establishing in that manner a position that was worth $12.65 million. Tribune Company provides a wide range of services in publishing, production, broadcasting, reporting, internet and entertainment operations. It has a market cap of $4.06 billion, and it is trading at a price-to-earnings ratio of 9.91. Since the beginning of the year its stock price has gained 2.36%, and on March 6th it had a closing price of $46.25. In its last financial report Tribune Company reported consolidated revenues of $578.7 million for the fourth quarter of 2018 and $2,009.7 million for the full year. It disclosed adjusted diluted earnings per share from continuing operations of $1.55 in Q4 2018, compared to $0.81 for the corresponding quarter in 2017.
During the fourth quarter of 2018, Tudor Investment Corp dumped more than 400 companies. Among the biggest positions the fund had dropped were those in Apple Inc. (NASDAQ:AAPL), in which it previously held 108,568 shares that were valued $24.51 million, and in Marathon Petroleum Corp (NYSE:MPC) whose 272,985 shares with a value of 21.83 million the fund sold out. It also dumped its $20.22 million worth a position in Amazon.com, Inc. (NASDAQ:AMZN), which was based on 10,097 shares outstanding.
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This article was originally published at Insider Monkey.
