Cardinal Capital Management Inc. Purchases 25,477 Shares of NXP Semiconductors N.V. $NXPI

Cardinal Capital Management Inc. boosted its position in NXP Semiconductors N.V. (NASDAQ:NXPI) by 21.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,019 shares of the semiconductor provider’s stock after acquiring an additional 25,477 shares during the quarter. Cardinal Capital Management Inc. owned 0.06% of NXP Semiconductors worth $31,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in NXP Semiconductors in the fourth quarter valued at $1,425,000. Truefg LLC bought a new position in NXP Semiconductors in the fourth quarter valued at $271,000. Seascape Capital Management increased its stake in NXP Semiconductors by 0.8% in the fourth quarter. Seascape Capital Management now owns 14,978 shares of the semiconductor provider’s stock valued at $3,251,000 after acquiring an additional 119 shares during the last quarter. Azzad Asset Management Inc. ADV increased its stake in NXP Semiconductors by 53.6% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 15,386 shares of the semiconductor provider’s stock valued at $3,340,000 after acquiring an additional 5,366 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in NXP Semiconductors in the fourth quarter valued at $47,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Up 0.7%

Shares of NASDAQ:NXPI opened at $205.67 on Friday. The stock’s 50-day moving average price is $213.46 and its 200-day moving average price is $217.52. NXP Semiconductors N.V. has a 12-month low of $158.66 and a 12-month high of $256.36. The stock has a market capitalization of $51.97 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 0.91 and a beta of 1.46. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.04. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.30 billion. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. NXP Semiconductors’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.18 earnings per share. On average, equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is currently 51.13%.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of recent research reports. KeyCorp raised their price objective on NXP Semiconductors from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Truist Financial reduced their price objective on NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. Evercore reduced their price objective on NXP Semiconductors from $292.00 to $260.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Bank of America reduced their price objective on NXP Semiconductors from $265.00 to $245.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company raised their price objective on NXP Semiconductors from $260.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.67.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $194.58, for a total transaction of $194,580.00. Following the completion of the sale, the executive vice president directly owned 9,942 shares in the company, valued at approximately $1,934,514.36. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.