Cibc World Markets Corp Purchases 73,437 Shares of NXP Semiconductors (NASDAQ:NXPI)

Cibc World Markets Corp grew its position in NXP Semiconductors (NASDAQ:NXPI) by 182.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,636 shares of the semiconductor provider’s stock after acquiring an additional 73,437 shares during the period. Cibc World Markets Corp’s holdings in NXP Semiconductors were worth $23,619,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. HITE Hedge Asset Management LLC acquired a new stake in NXP Semiconductors during the 3rd quarter valued at $13,445,000. Merit Financial Group LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter worth about $360,000. Strategic Financial Concepts LLC acquired a new position in NXP Semiconductors in the 4th quarter valued at about $46,000. Banque Cantonale Vaudoise raised its holdings in NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after acquiring an additional 9,710 shares during the period. Finally, Austin Private Wealth LLC lifted its position in NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock worth $665,000 after acquiring an additional 1,869 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Susquehanna decreased their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Mizuho boosted their target price on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Barclays cut their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

NXP Semiconductors Trading Up 1.8 %

NXPI opened at $209.83 on Tuesday. The company has a market cap of $53.22 billion, a P/E ratio of 21.57, a PEG ratio of 3.01 and a beta of 1.47. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average is $215.88 and its 200-day moving average is $224.05. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.93%. NXP Semiconductors’s payout ratio is presently 41.62%.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.