Billionaire Ken Fisher’s Monster Q4 Moves

#2 DST Systems, Inc. (NYSE:DST)

– Shares Held By Fisher Asset Management (as of December 31): 696,461

– Value of The Holding (as of December 31): $74.62 Million

Fisher Asset Management became increasingly bullish on DST Systems, Inc. (NYSE:DST) during the fourth quarter by doubling its stake in the company. Shares of the Missouri-based IT company fell heavily in October last year after it reported weaker than expected third quarter numbers. However, they have recouped those losses now and are trading up 8.71% for the current year. DST Systems, Inc. (NYSE:DST)’s stock is currently trading at a forward P/E multiple of 16.84, which analysts consider reasonable for a mid-sized IT firm. The company recently hiked it dividend to $0.35 per share from $0.33 per share, which translates into an annual dividend yield of 1.20%.

#1 NXP Semiconductors NV (NASDAQ:NXPI)

– Shares Held By Fisher Asset Management (as of December 31): 1.23 Million

– Value of The Holding (as of December 31): $120.51 Million

In what can perhaps be best described as a profit booking move, Fisher Asset Management lowered its holding in NXP Semiconductors NV (NASDAQ:NXPI) by 28% during the fourth quarter. Shares of NXP Semiconductors NV (NASDAQ:NXPI) spiked at the end of September 2016 after rumors hit the Street that QUALCOMM, Inc. (NASDAQ:QCOM) is in talks with the company to acquire it for more than $30 billion. Those rumors turned out to be true on October 27, when  QUALCOMM, Inc. (NASDAQ:QCOM) announced that it had agreed to buy NXP Semiconductors for $110 per share or $47 billion including debt. Currently, NXP’s stock is trading at a significant discount to the announced purchase price, suggesting that market participants might be wary of the deal going through. On February 7, analysts at Morgan Stanley reiterated their ‘Equal Weight’ rating and $110 price target on the stock.

Disclosure: None