CIBC Asset Management Inc Buys 4,173 Shares of NXP Semiconductors (NASDAQ:NXPI)

CIBC Asset Management Inc grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 6.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 72,011 shares of the semiconductor provider's stock after acquiring an additional 4,173 shares during the period. CIBC Asset Management Inc's holdings in NXP Semiconductors were worth $17,283,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. QRG Capital Management Inc. boosted its stake in shares of NXP Semiconductors by 34.1% during the 1st quarter. QRG Capital Management Inc. now owns 1,716 shares of the semiconductor provider's stock valued at $425,000 after buying an additional 436 shares during the period. Bleakley Financial Group LLC boosted its stake in NXP Semiconductors by 9.1% during the first quarter. Bleakley Financial Group LLC now owns 1,830 shares of the semiconductor provider's stock worth $453,000 after buying an additional 152 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in NXP Semiconductors by 13.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,316 shares of the semiconductor provider's stock valued at $4,290,000 after acquiring an additional 2,100 shares during the period. Blair William & Co. IL grew its stake in shares of NXP Semiconductors by 13.8% in the 1st quarter. Blair William & Co. IL now owns 6,263 shares of the semiconductor provider's stock valued at $1,552,000 after purchasing an additional 758 shares during the period. Finally, Nicolet Advisory Services LLC bought a new stake in NXP Semiconductors in the first quarter valued at $216,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This trade represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on NXPI shares. The Goldman Sachs Group dropped their price objective on shares of NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. TD Cowen dropped their price objective on NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating for the company in a report on Friday, November 8th. Needham & Company LLC cut their price target on NXP Semiconductors from $300.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Oppenheimer decreased their price objective on NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Finally, Citic Securities assumed coverage on NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $276.76.

NXP Semiconductors Stock Down 3.1 %

NASDAQ:NXPI traded down $6.92 on Friday, hitting $217.04. 2,793,131 shares of the company's stock were exchanged, compared to its average volume of 2,306,468. The firm has a 50-day moving average price of $234.14 and a 200-day moving average price of $252.67. NXP Semiconductors has a 52 week low of $198.00 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The company has a market cap of $55.16 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 4.48 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. NXP Semiconductors's revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.31 earnings per share. As a group, analysts expect that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a yield of 1.87%. NXP Semiconductors's payout ratio is 38.74%.

NXP Semiconductors Company Profile

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.