BlackRock Amends NXP Semiconductors Stake to 7.7%
Ticker: NXPI · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 1413447
| Field | Detail |
|---|---|
| Company | Nxp Semiconductors N.V. (NXPI) |
| Form Type | SC 13G/A |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, semiconductors
Related Tickers: NXPI
TL;DR
**BlackRock now owns 7.7% of NXP Semiconductors, a slight decrease from prior filings.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 6, 2024, disclosing its ownership in NXP Semiconductors N.V. (NXPI) as of December 31, 2023. This filing indicates BlackRock's passive investment, holding 20,442,868 shares, which represents 7.7% of NXP Semiconductors' common stock. This matters to investors because BlackRock, as a major institutional investor, has slightly reduced its stake from a previous filing, signaling a minor shift in its conviction for NXP Semiconductors, which could influence other investors.
Why It Matters
This filing shows BlackRock's updated ownership in NXP Semiconductors, providing transparency on a significant institutional investor's position and potentially influencing market sentiment.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate significant risk to the company or its stock.
Analyst Insight
Investors should note BlackRock's continued, albeit slightly adjusted, significant passive stake in NXP Semiconductors, which suggests long-term institutional confidence without indicating any immediate aggressive moves.
Key Numbers
- 20,442,868 — Shares Owned (BlackRock's beneficial ownership in NXP Semiconductors N.V.)
- 7.7% — Ownership Percentage (BlackRock's stake in NXP Semiconductors N.V. common stock)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- NXP Semiconductors N.V. (company) — the subject company in which BlackRock holds shares
- 20,442,868 (dollar_amount) — number of shares of common stock beneficially owned by BlackRock
- 7.7% (dollar_amount) — percentage of NXP Semiconductors' common stock owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring this filing
- February 6, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant, but passive, stake in NXP Semiconductors N.V. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is BlackRock, Inc., as stated in item (1) of the Schedule 13G.
What is the name of the issuer whose securities are being reported?
The issuer is NXP Semiconductors N.V., as identified in the 'Name of Issuer' section of the Schedule 13G.
What was the date of the event that required BlackRock to file this statement?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the Schedule 13G.
What rule under the Securities Exchange Act of 1934 is BlackRock filing this Schedule 13G/A under?
BlackRock is filing this Schedule 13G/A under Rule 13d-1(b), as indicated by the checked box in the filing.
What is the SEDOL Number for the class of securities reported?
The SEDOL Number for the Common Stock of NXP Semiconductors N.V. is B505PN7, as listed in the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 6, 2024 regarding NXP Semiconductors N.V. (NXPI).