Cardinal Capital Management Makes New Investment in NXP Semiconductors N.V. $NXPI

Cardinal Capital Management bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,994 shares of the semiconductor provider’s stock, valued at approximately $2,145,000.

A number of other large investors have also recently bought and sold shares of NXPI. Farther Finance Advisors LLC bought a new position in NXP Semiconductors during the third quarter worth $1,126,000. Ieq Capital LLC acquired a new stake in NXP Semiconductors in the second quarter worth $1,208,000. BlackRock Inc. bought a new stake in NXP Semiconductors in the second quarter valued at $6,716,412,000. Private Wealth Partners LLC increased its stake in NXP Semiconductors by 203.6% in the first quarter. Private Wealth Partners LLC now owns 10,652 shares of the semiconductor provider’s stock valued at $2,097,000 after purchasing an additional 7,144 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of NXP Semiconductors during the second quarter valued at about $36,657,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Mizuho cut their price objective on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 29th. Susquehanna raised their target price on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Stifel Nicolaus decreased their target price on NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating for the company in a research report on Monday, October 5th. Morgan Stanley boosted their target price on NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, UBS Group reaffirmed a “neutral” rating and set a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $302.30.

NXP Semiconductors Price Performance

Shares of NXPI opened at $242.36 on Thursday. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The business’s fifty day moving average is $230.08 and its 200 day moving average is $257.31. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. The stock has a market cap of $61.11 billion, a P/E ratio of 20.68, a P/E/G ratio of 0.81 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. NXP Semiconductors’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.72 EPS. Sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.75 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were paid a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.56%.

Insiders Place Their Bets

In other news, EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $240.00, for a total transaction of $805,200.00. Following the completion of the transaction, the executive vice president directly owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the transaction, the executive vice president owned 7,942 shares of the company’s stock, valued at $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by company insiders.

NXP Semiconductors News Summary

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: Shares outperformed the broader market in the latest session, indicating continued near-term investor interest in NXP. NXP Semiconductors Laps the Stock Market: Here’s Why
• Positive Sentiment: GuruFocus estimated NXP’s GF Value at $250.62, above the recently cited share price of $237.60, suggesting the stock may be modestly undervalued based on its valuation model. A Look at NXP Semiconductors After a 3.2% Gain
• Positive Sentiment: TD Cowen maintained a “Buy” rating, although it reduced its price target to $275 from $290. The revised target still implies meaningful upside from recent levels. TD Cowen price-target update
• Neutral Sentiment: Wall Street expects earnings growth in NXP’s report next week, but analysts do not see the company as having the strongest setup for exceeding estimates, making the report an important near-term catalyst. NXP Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Wells Fargo retained its “Hold” or “Equal Weight” stance and cut its price target to $235 from $280, signaling limited confidence in additional gains and placing its valuation below recent trading levels. Wells Fargo Sticks to Its Hold Rating for NXP Semiconductors
• Negative Sentiment: A broader skeptical view of several semiconductor stocks adds caution, particularly because NXP may not have the factors analysts typically associate with a likely earnings beat. 3 Semiconductor Stocks We’re Skeptical Of

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.