Canada Pension Plan Investment Board Buys New Position in NXP Semiconductors N.V. $NXPI

Canada Pension Plan Investment Board purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 314,707 shares of the semiconductor provider’s stock, valued at approximately $88,442,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in NXP Semiconductors in the second quarter valued at approximately $6,716,412,000. Norges Bank acquired a new position in shares of NXP Semiconductors during the fourth quarter worth $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of NXP Semiconductors by 34,719.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock valued at $581,807,000 after purchasing an additional 2,672,697 shares during the period. Deutsche Bank AG purchased a new position in shares of NXP Semiconductors in the second quarter valued at $570,925,000. Finally, Legal & General Group Plc acquired a new stake in NXP Semiconductors during the 2nd quarter valued at $518,404,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NXPI. Stifel Nicolaus set a $282.00 price target on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Bank of America restated a “neutral” rating on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $290.00 target price on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Finally, Oppenheimer increased their price target on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $305.43.

Insider Buying and Selling

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. This trade represents a 32.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

NXP Semiconductors Price Performance

NXPI opened at $223.15 on Thursday. The company has a 50-day moving average of $261.02 and a 200-day moving average of $252.51. The company has a market capitalization of $56.27 billion, a P/E ratio of 19.04, a PEG ratio of 0.76 and a beta of 1.81. NXP Semiconductors N.V. has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.52 by $0.09. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.72 earnings per share. Equities analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.