Cardinal Capital Management Inc. Purchases 242,298 Shares of NXP Semiconductors N.V. $NXPI

Cardinal Capital Management Inc. acquired a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 242,298 shares of the semiconductor provider’s stock, valued at approximately $57,553,000. NXP Semiconductors makes up about 1.3% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 22nd biggest position. Cardinal Capital Management Inc. owned 0.10% of NXP Semiconductors at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Gamco Investors INC. ET AL grew its position in NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock valued at $454,000 after acquiring an additional 45 shares in the last quarter. Howard Financial Services LTD. boosted its stake in shares of NXP Semiconductors by 2.9% in the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock valued at $412,000 after purchasing an additional 49 shares during the period. Ballast Advisors LLC boosted its stake in shares of NXP Semiconductors by 0.7% in the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock valued at $1,787,000 after purchasing an additional 61 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of NXP Semiconductors by 6.1% during the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock valued at $236,000 after acquiring an additional 69 shares in the last quarter. Finally, Fulton Bank N.A. boosted its stake in shares of NXP Semiconductors by 2.0% during the 1st quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider’s stock valued at $850,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling at NXP Semiconductors

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

NXP Semiconductors Stock Performance

Shares of NXPI opened at $229.33 on Friday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company’s fifty day moving average is $229.94 and its 200-day moving average is $255.96. 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 firm has a market cap of $57.83 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 0.78 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.72 earnings per share. Equities analysts expect that NXP Semiconductors N.V. will post 13.75 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were given a $1.0140 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.64%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of NXP Semiconductors in a report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of NXP Semiconductors in a report on Tuesday, September 8th. TD Cowen reduced their price objective on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Wall Street Zen lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Stifel Nicolaus lowered their price objective on shares of NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. 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. Based on data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average price target of $304.91.

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.