CIBC Asset Management Inc Sells 4,865 Shares of NXP Semiconductors N.V. (NXPI)

CIBC Asset Management Inc cut its holdings in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) by 15.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,717 shares of the semiconductor provider’s stock after selling 4,865 shares during the period. CIBC Asset Management Inc’s holdings in NXP Semiconductors were worth $3,128,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NXPI. Fieldpoint Private Securities LLC acquired a new stake in NXP Semiconductors during the 3rd quarter worth approximately $113,000. Risk Paradigm Group LLC boosted its position in NXP Semiconductors by 92.3% during the 3rd quarter. Risk Paradigm Group LLC now owns 1,192 shares of the semiconductor provider’s stock worth $135,000 after buying an additional 572 shares during the period. Horan Capital Advisors LLC. acquired a new stake in NXP Semiconductors during the 3rd quarter worth approximately $136,000. SeaCrest Wealth Management LLC acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $209,000. Finally, Shikiar Asset Management Inc. acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 82.86% of the company’s stock.

NXP Semiconductors N.V. (NASDAQ:NXPI) opened at $116.41 on Thursday. The stock has a market cap of $40,280.00, a P/E ratio of 20.60, a PEG ratio of 0.87 and a beta of 0.72. NXP Semiconductors N.V. has a 1 year low of $101.04 and a 1 year high of $121.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.04 and a quick ratio of 1.59.

Several research firms recently commented on NXPI. BidaskClub upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. Robert W. Baird reiterated a “hold” rating and set a $110.00 target price on shares of NXP Semiconductors in a research report on Friday, October 27th. Jefferies Group set a $115.00 target price on shares of NXP Semiconductors and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, Needham & Company LLC reiterated a “strong-buy” rating and set a $130.00 target price (up from $110.00) on shares of NXP Semiconductors in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $115.71.

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NXP Semiconductors Company Profile

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.

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Institutional Ownership by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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