NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. boosted its position in shares of NXP Semiconductors (NASDAQ:NXPI) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,320 shares of the semiconductor provider’s stock after buying an additional 3,135 shares during the period. Cardinal Capital Management Inc.’s holdings in NXP Semiconductors were worth $21,475,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NXPI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NXP Semiconductors by 387.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider’s stock worth $550,665,000 after purchasing an additional 1,823,650 shares during the last quarter. Van ECK Associates Corp lifted its stake in NXP Semiconductors by 67.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after purchasing an additional 1,222,736 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of NXP Semiconductors by 337.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider’s stock worth $225,591,000 after purchasing an additional 724,951 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of NXP Semiconductors by 24,533.2% in the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after purchasing an additional 512,253 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of NXP Semiconductors by 1,172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock valued at $115,396,000 after purchasing an additional 511,553 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the subject of several analyst reports. Susquehanna dropped their target price on NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Wednesday. Truist Financial cut their price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays cut their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley decreased their price objective on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $270.85.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $216.09 on Thursday. The company’s 50 day simple moving average is $216.94 and its 200-day simple moving average is $234.94. NXP Semiconductors has a 12-month low of $202.25 and a 12-month high of $296.08. The firm has a market cap of $54.92 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 3.24 and a beta of 1.47. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the company posted $3.31 earnings per share. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, equities analysts predict that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio is currently 38.74%.

NXP Semiconductors Company Profile

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.