Canada Pension Plan Investment Board Buys New Position in NXP Semiconductors N.V. $NXPI

Canada Pension Plan Investment Board bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 314,707 shares of the semiconductor provider’s stock, valued at approximately $88,442,000. Canada Pension Plan Investment Board owned approximately 0.12% of NXP Semiconductors at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Allied Private Wealth LLC purchased a new stake in NXP Semiconductors in the 2nd quarter worth approximately $28,000. Bell Investment Advisors Inc purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth $29,000. Fiduciary Financial Advisors purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth $28,000. JPL Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the third quarter worth $26,000. Finally, SHP Wealth Management acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth $27,000. 90.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NXPI shares. Stifel Nicolaus set a $282.00 target price on NXP Semiconductors in a research note on Wednesday, July 29th. KeyCorp raised their price target on NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. UBS Group reaffirmed a “neutral” rating and set a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Raymond James Financial increased their price objective on shares of NXP Semiconductors from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.43.

Insider Activity at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the transaction, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $223.15 on Thursday. The business’s fifty day moving average price is $261.02 and its 200 day moving average price is $252.51. NXP Semiconductors N.V. has a twelve month low of $183.00 and a twelve month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $56.27 billion, a P/E ratio of 19.04, a PEG ratio of 0.76 and a beta of 1.81.

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

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were issued a $1.014 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.8%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 34.64%.

NXP Semiconductors 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.