Cibc World Market Inc. Makes New $10.54 Million Investment in NXP Semiconductors N.V. $NXPI

Key Points

• CIBC World Market Inc. acquired 37,519 shares of NXP Semiconductors in the second quarter, valued at approximately $10.54 million. Institutional investors now own 90.54% of the company.
• Analysts maintain a generally positive view, with 16 Buy ratings, nine Holds and one Sell rating. NXP has a consensus rating of “Moderate Buy” and an average price target of $305.43.
• NXP exceeded quarterly expectations, reporting $3.61 in EPS and $3.50 billion in revenue, with revenue rising 19.5% year over year. The company also pays a quarterly dividend of $1.014 per share, representing an annualized yield of about 1.8%.

Cibc World Market Inc. bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 37,519 shares of the semiconductor provider's stock, valued at approximately $10,544,000.

Other large investors also recently modified their holdings of the company. OMERS ADMINISTRATION Corp acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at approximately $25,138,000. Osmosis Investment Management UK Ltd acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $2,150,000. Sanctuary Advisors LLC acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $4,999,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in NXP Semiconductors in the second quarter valued at approximately $396,543,000. Finally, Bank of Nova Scotia acquired a new position in shares of NXP Semiconductors in the second quarter valued at approximately $89,662,000. 90.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NXPI shares. TD Cowen dropped their price objective on shares of NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating on the stock in a report on Wednesday, July 29th. BNP Paribas Exane upped 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. Jefferies Financial Group increased their target price on NXP Semiconductors from $265.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Wall Street Zen downgraded NXP Semiconductors from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 9th. Finally, Truist Financial boosted their price target on NXP Semiconductors from $255.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, April 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $305.43.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $222.44 on Tuesday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company's fifty day simple moving average is $264.08 and its 200-day simple moving average is $252.52. The firm has a market cap of $56.09 billion, a PE ratio of 18.98, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the business earned $2.72 EPS. The company's revenue was up 19.5% compared to the same quarter last year. Equities research analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

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

Insider Activity at NXP Semiconductors

In related news, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares of the company's stock, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president owned 8,942 shares of the company's stock, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their ownership of the stock. 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.

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.

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