CIBC Asset Management Inc grew its stake in NXP Semiconductors N.V. (NASDAQ:NXPI – Free Report) by 38.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,186 shares of the semiconductor provider’s stock after acquiring an additional 26,832 shares during the quarter. CIBC Asset Management Inc’s holdings in NXP Semiconductors were worth $21,095,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of NXPI. JPL Wealth Management LLC acquired a new stake in NXP Semiconductors during the third quarter worth about $26,000. Wexford Capital LP acquired a new position in NXP Semiconductors in the 3rd quarter valued at about $31,000. Kelleher Financial Advisors purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $31,000. Community Bank N.A. acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth approximately $37,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of NXP Semiconductors by 1,092.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 167 shares of the semiconductor provider’s stock worth $38,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on NXPI. Jefferies Financial Group upped their price objective on NXP Semiconductors from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Raymond James Financial lifted their target price on NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on NXP Semiconductors from $250.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. KeyCorp increased their price target on NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings raised NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $294.25.
Insider Activity at NXP Semiconductors
In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the transaction, the executive vice president owned 9,942 shares in the company, valued at $1,934,514.36. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Christopher L. Jensen sold 4,576 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $234.03, for a total value of $1,070,921.28. Following the sale, the executive vice president directly owned 5,389 shares in the company, valued at $1,261,187.67. This represents a 45.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 12,611 shares of company stock worth $3,061,078. Corporate insiders own 0.05% of the company’s stock.
NXP Semiconductors Price Performance
NXPI stock opened at $322.22 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $81.35 billion, a PE ratio of 30.83, a P/E/G ratio of 1.16 and a beta of 1.77. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The business’s fifty day moving average price is $258.24 and its 200 day moving average price is $233.98.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.NXP Semiconductors’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $2.64 EPS. On average, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.38 EPS for the current year.
NXP Semiconductors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.3%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.85%.
NXP Semiconductors Company Profile
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
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