Cibc World Markets Corp Has $23.62 Million Holdings in NXP Semiconductors (NASDAQ:NXPI)

Cibc World Markets Corp lifted its stake in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 182.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,636 shares of the semiconductor provider's stock after purchasing an additional 73,437 shares during the quarter. Cibc World Markets Corp's holdings in NXP Semiconductors were worth $23,619,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its stake in shares of NXP Semiconductors by 21.7% in the third quarter. Oppenheimer & Co. Inc. now owns 5,444 shares of the semiconductor provider's stock valued at $1,307,000 after purchasing an additional 969 shares during the period. Empowered Funds LLC increased its position in NXP Semiconductors by 35.5% in the 3rd quarter. Empowered Funds LLC now owns 12,297 shares of the semiconductor provider's stock valued at $2,951,000 after acquiring an additional 3,222 shares during the period. Claro Advisors LLC raised its stake in NXP Semiconductors by 24.1% during the 3rd quarter. Claro Advisors LLC now owns 2,022 shares of the semiconductor provider's stock valued at $485,000 after acquiring an additional 393 shares in the last quarter. LMR Partners LLP acquired a new position in NXP Semiconductors during the 3rd quarter worth $240,000. Finally, SouthState Corp grew its stake in shares of NXP Semiconductors by 28.5% in the third quarter. SouthState Corp now owns 3,368 shares of the semiconductor provider's stock worth $808,000 after purchasing an additional 746 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com cut shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group restated a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Morgan Stanley upgraded shares of NXP Semiconductors from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $231.00 to $257.00 in a report on Wednesday, February 12th. Mizuho boosted their target price on NXP Semiconductors from $240.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Susquehanna cut their target price on NXP Semiconductors from $235.00 to $225.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $267.00.

NXP Semiconductors Stock Down 1.0 %

Shares of NXPI traded down $2.00 during mid-day trading on Friday, reaching $200.64. The company's stock had a trading volume of 3,351,990 shares, compared to its average volume of 2,289,038. The company has a market cap of $50.89 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. The business has a fifty day moving average of $215.58 and a 200 day moving average of $223.45. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 1 year low of $197.43 and a 1 year high of $296.08.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's dividend payout ratio (DPR) is 41.62%.

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.