Loading...
Docoh

NXP Semiconductors (NXPI)

NXP Semiconductors N.V. enables secure connections for a smarter world, advancing solutions that make lives easier, better, and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the automotive, industrial & IoT, mobile, and communication infrastructure markets. Built on more than 60 years of combined experience and expertise, the company has approximately 29,000 employees in more than 30 countries and posted revenue of $8.61 billion in 2020.

Company profile

NXPI stock data

Calendar

26 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jul 22 Apr 22 Dec 21 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Aug 22 Micallef Andrew Common Stock Payment of exercise Dispose F No No 180.47 548 98.9K 1,035
3 Aug 22 Micallef Andrew Common Stock Option exercise Acquire M No No 0 1,583 0 1,583
3 Aug 22 Micallef Andrew RSU Common Stock Option exercise Dispose M No No 0 1,583 0 3,167
3 Aug 22 Micallef Andrew Common Stock Payment of exercise Dispose F No No 180.47 548 98.9K 1,035
3 Aug 22 Micallef Andrew Common Stock Option exercise Acquire M No No 0 1,583 0 1,583
3 Aug 22 Micallef Andrew RSU Common Stock Option exercise Dispose M No No 0 1,583 0 3,167
28 Jul 22 Christopher L Jensen Common Stock Payment of exercise Dispose F No No 181.42 106 19.23K 5,800
28 Jul 22 Christopher L Jensen Common Stock Option exercise Acquire M No No 0 434 0 5,906
28 Jul 22 Christopher L Jensen RSU Common Stock Option exercise Dispose M No No 0 434 0 434
28 Jul 22 Sievers Kurt Common Stock Payment of exercise Dispose F No No 181.42 1,342 243.47K 142,375.336
91.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 909 963 -5.6%
Opened positions 94 185 -49.2%
Closed positions 148 82 +80.5%
Increased positions 351 332 +5.7%
Reduced positions 330 319 +3.4%
13F shares Current Prev Q Change
Total value 43.71B 54.46B -19.7%
Total shares 240.51M 244.93M -1.8%
Total puts 2.52M 3.42M -26.2%
Total calls 2.26M 1.99M +13.3%
Total put/call ratio 1.1 1.7 -34.9%
Largest owners Shares Value Change
BLK Blackrock 23.63M $4.37B +1.2%
FMR 21.35M $3.95B +9.3%
JPM JPMorgan Chase & Co. 21.17M $3.92B +22.9%
Elliott Associates 11.72M $1.36B 0.0%
STT State Street 10.84M $2.02B +0.4%
Vanguard 10.79M $2B +2.0%
Massachusetts Financial Services 8.77M $1.62B +8.2%
TROW T. Rowe Price 4.61M $852.97M -26.5%
Geode Capital Management 4.51M $831.71M +1.9%
Pictet Asset Management 4.34M $803.15M -26.9%
Largest transactions Shares Bought/sold Change
JPM JPMorgan Chase & Co. 21.17M +3.94M +22.9%
Norges Bank 0 -2.16M EXIT
FMR 21.35M +1.81M +9.3%
Clearbridge Advisors 1.32M -1.68M -55.9%
TROW T. Rowe Price 4.61M -1.66M -26.5%
Pictet Asset Management 4.34M -1.6M -26.9%
Nuveen Asset Management 1.95M -1.46M -42.7%
CMTDF Sumitomo Mitsui Trust 1.35M +1.35M NEW
Brown Advisory 2.77M -1.22M -30.5%
Ninety One UK 111K -992.9K -89.9%

Financial report summary

?
Risks
  • The extent to which the coronavirus (COVID-19) outbreak and measures taken in response thereto could materially adversely affect our financial condition and results of operations will depend on future developments, which are highly uncertain and are difficult to predict. The COVID-19 pandemic and measures taken in response have adversely impacted the Company's financial condition and results of operations.
  • The semiconductor industry is highly cyclical.
  • Significantly increased volatility and instability and unfavorable economic conditions may adversely affect our business.
  • The semiconductor industry is highly competitive. If we fail to introduce new technologies and products in a timely manner, this could adversely affect our business.
  • The demand for our products depends to a significant degree on the demand for our customers’ end products.
  • The semiconductor industry is characterized by continued price erosion, especially after a product has been on the market.
  • In many of the market segments in which we compete, we depend on winning selection processes, and failure to be selected could adversely affect our business in those market segments.
  • Our global business operations expose us to international business risks that could adversely affect our business.
  • In difficult market conditions, our high fixed costs combined with low revenue may negatively affect our results of operations.
  • We may from time to time restructure parts of our organization. Any such restructuring may impact customer satisfaction and the costs of implementation may be difficult to predict.
  • If we fail to extend or renegotiate our collective bargaining agreements and social plans with our labor unions as they expire from time to time, if regular or statutory consultation processes with employee representatives such as works councils fail or are delayed, or if our unionized employees were to engage in a strike or other work stoppage, our business and operating results could be materially harmed.
  • Our working capital needs are difficult to predict.
  • Our business may be adversely affected by costs relating to product defects, and we could be faced with product liability and warranty claims.
  • Our business has suffered, and could in the future suffer, from manufacturing problems.
  • We rely on the timely supply of equipment and materials and could suffer if suppliers fail to meet their delivery obligations or raise prices. Certain equipment and materials needed in our manufacturing operations are only available from a limited number of suppliers.
  • Failure of our third party suppliers to perform could adversely affect our results of operations.
  • Disruptions in our relationships with any one of our key customers could adversely affect our business.
  • We receive subsidies and grants in certain countries, and a reduction in the amount of governmental funding available to us or demands for repayment could increase our costs and affect our results of operations.
  • Certain natural disasters, such as flooding, large earthquakes, volcanic eruptions or nuclear or other disasters, may negatively impact our business. There is increasing concern that climate change may cause a rising number of natural disasters.
  • As our business is global, we need to comply with laws and regulations in countries across the world.
  • Legal proceedings covering a range of matters are pending in various jurisdictions. Due to the uncertainty inherent in litigation, it is difficult to predict the final outcome. An adverse outcome might affect our results of operations.
  • Our manufacturing operations are subject to environmental laws and regulations and initiatives to address climate change.
  • Interruptions in our information technology systems could adversely affect our business.
  • Our computer systems and networks are subject to attempted security breaches and other cybersecurity incidents, which, if successful, could impact our business.
  • We rely to a significant extent on proprietary intellectual property. We may not be able to protect this intellectual property against improper use by our competitors or others.
  • We may become party to intellectual property claims or litigation that could cause us to incur substantial costs, pay substantial damages or prohibit us from selling our products.
  • Loss of our key management and other personnel, or an inability to attract such management and other personnel, could affect our business.
  • United States civil liabilities may not be enforceable against us.
  • We are a Dutch public company with limited liability. The rights of our stockholders may be different from the rights of stockholders governed by the laws of U.S. jurisdictions.
  • Our debt obligations expose us to risks that could adversely affect our financial condition, which could adversely affect our results of operations.
  • If we do not comply with the covenants in our debt agreements or fail to generate sufficient cash to service and repay our debt, it could adversely affect our operating results and our financial condition.
  • The rating of our debt by major rating agencies may further improve or deteriorate, which could affect our additional borrowing capacity and financing costs.
  • We identified a material weakness in our internal control related to ineffective information technology general controls which, if not remediated appropriately or timely, could result in loss of investor confidence and adversely impact our stock price.
  • The price of our common stock historically has been volatile. The price of our common stock may fluctuate significantly.
  • We may have fluctuations in the amount and frequency of our stock repurchases.
  • There can be no assurance that we will continue to declare cash dividends.
  • The impact of a negative performance of financial markets and demographic trends on our defined benefit pension liabilities and costs cannot be predicted.
  • Future changes to Dutch, U.S. and other foreign tax laws could adversely affect us.
  • We are exposed to a number of different tax uncertainties, which could have an impact on our results.
Management Discussion
  • Revenue for the three months ended July 3, 2022 was $3,312 million compared to $2,596 million for the three months ended July 4, 2021, an increase of $716 million or an increase of 27.6% year-on-year. Revenue growth during the quarter was due to increased volumes of products shipped driven by the continued industry-wide demand for semiconductors across the company’s focused end markets, and the positive mix effects within the company’s focused end markets. Additionally, the company continued to experience the inflationary effects of increased input costs from its suppliers which were passed along to end customers in the form of higher average selling prices.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: collectively, Commission, consulting, consummation, contract, customary, employed, employment, entered, entitled, EUR, expanded, extinguishment, foregoing, herewith, hold, incorporated, indenture, inflationary, influenced, levered, listed, lump, Owen, qualified, radar, redeem, redeemed, registered, registering, registration, release, role, salary, SEC, speed, step, Steve, strength, sum, tendered, training, transitionary, vesting
Removed: cost, hybrid, interface, issuance, system