Cibc World Market Inc. Buys New Holdings in NXP Semiconductors N.V. $NXPI

Cibc World Market Inc. purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 37,519 shares of the semiconductor provider’s stock, valued at approximately $10,544,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NXPI. OMERS ADMINISTRATION Corp acquired a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $25,138,000. Osmosis Investment Management UK Ltd acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $2,150,000. Sanctuary Advisors LLC acquired a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $4,999,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in NXP Semiconductors in the 2nd quarter valued at $396,543,000. Finally, Bank of Nova Scotia acquired a new stake in NXP Semiconductors during the 2nd quarter valued at $89,662,000. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

NXPI has been the topic of several research reports. Stifel Nicolaus set a $282.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. BNP Paribas Exane raised their target price on shares of NXP Semiconductors from $270.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Bank of America reiterated a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 price objective on shares of NXP Semiconductors in a report on Monday, August 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $305.43.

NXP Semiconductors Trading Down 1.4%

NXPI stock opened at $222.44 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The company’s 50-day simple moving average is $264.08 and its 200 day simple moving average is $252.52. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a market capitalization of $56.09 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 0.77 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the company earned $2.72 EPS. The business’s revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s payout ratio is currently 34.56%.

Insiders Place Their Bets

In related news, EVP Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the sale, the executive vice president directly owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This represents a 32.40% 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. Corporate insiders own 0.05% of the company’s stock.

About NXP Semiconductors

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.