Cardinal Capital Management Grows Position in NXP Semiconductors (NASDAQ:NXPI)

Cardinal Capital Management grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,476 shares of the semiconductor provider’s stock after buying an additional 453 shares during the period. Cardinal Capital Management’s holdings in NXP Semiconductors were worth $2,357,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NXPI. Norges Bank purchased a new position in NXP Semiconductors during the fourth quarter worth $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth $164,044,000. Kodai Capital Management LP acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth $125,319,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of NXP Semiconductors by 21,013.6% during the fourth quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock worth $118,325,000 after purchasing an additional 512,732 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI traded down $3.16 during trading on Thursday, hitting $265.01. The company had a trading volume of 1,411,669 shares, compared to its average volume of 2,198,922. The company has a market cap of $67.76 billion, a P/E ratio of 24.66, a PEG ratio of 2.52 and a beta of 1.50. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $286.87. The business’s 50-day moving average is $262.91 and its 200 day moving average is $242.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.64 and a current ratio of 2.35.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.07. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. Equities research analysts predict that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 37.49%.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Oppenheimer boosted their price objective on NXP Semiconductors from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. StockNews.com upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Cantor Fitzgerald lifted their target price on NXP Semiconductors from $290.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. lifted their target price on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $267.80.

About NXP Semiconductors

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.