NXP Semiconductors (NASDAQ:NXPI) Shares Acquired by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its holdings in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 25.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,595 shares of the semiconductor provider's stock after purchasing an additional 1,957 shares during the period. CIBC Private Wealth Group LLC's holdings in NXP Semiconductors were worth $2,012,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. MV Capital Management Inc. grew its holdings in NXP Semiconductors by 10.4% during the 4th quarter. MV Capital Management Inc. now owns 699 shares of the semiconductor provider's stock valued at $145,000 after buying an additional 66 shares during the last quarter. Allianz SE purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at $1,832,000. Intrust Bank NA boosted its stake in shares of NXP Semiconductors by 7.0% during the fourth quarter. Intrust Bank NA now owns 4,843 shares of the semiconductor provider's stock valued at $1,007,000 after acquiring an additional 318 shares during 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 stake 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 during the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 1.5 %

NXP Semiconductors stock traded up $2.48 during midday trading on Monday, hitting $163.29. 6,562,751 shares of the company were exchanged, compared to its average volume of 2,492,617. The company has a market cap of $41.41 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a fifty-two week low of $152.37 and a fifty-two week high of $296.08. The company's fifty day moving average price is $210.18 and its 200-day moving average price is $219.69. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

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NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.48%. NXP Semiconductors's dividend payout ratio (DPR) is presently 41.62%.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NXPI. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Susquehanna decreased their target price on shares of 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 reiterated an "overweight" rating and issued a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. StockNews.com lowered NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus lowered their price objective on NXP Semiconductors from $231.00 to $210.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $267.00.

NXP Semiconductors 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.