CIBC Private Wealth Group LLC Raises Stock Position in NXP Semiconductors (NASDAQ:NXPI)

CIBC Private Wealth Group LLC grew its holdings in NXP Semiconductors (NASDAQ:NXPI) by 25.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,595 shares of the semiconductor provider’s stock after purchasing an additional 1,957 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in NXP Semiconductors were worth $2,012,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MV Capital Management Inc. grew its stake in shares of NXP Semiconductors by 10.4% in the fourth quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider’s stock worth $145,000 after acquiring an additional 66 shares in the last quarter. Allianz SE acquired a new position in NXP Semiconductors during the 4th quarter worth $1,832,000. Intrust Bank NA grew its stake in NXP Semiconductors by 7.0% during the 4th quarter. Intrust Bank NA now owns 4,843 shares of the semiconductor provider’s stock worth $1,007,000 after purchasing an additional 318 shares in the last quarter. Allstate Corp purchased a new stake in NXP Semiconductors during the 4th quarter worth about $1,579,000. Finally, Brown Brothers Harriman & Co. raised its position in NXP Semiconductors by 10.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 4,187 shares of the semiconductor provider’s stock valued at $870,000 after purchasing an additional 396 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NXPI shares. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their target price on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Mizuho raised their price target on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Truist Financial lifted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.00.

Insider Activity at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by insiders.

NXP Semiconductors Stock Up 1.9 %

NXPI opened at $193.67 on Thursday. NXP Semiconductors has a 52 week low of $183.56 and a 52 week high of $296.08. The business has a 50 day moving average price of $213.23 and a two-hundred day moving average price of $221.21. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The company has a market cap of $49.12 billion, a PE ratio of 19.90, a P/E/G ratio of 3.01 and a beta of 1.47.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend 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.