Cardinal Capital Management Inc. Acquires 10,020 Shares of NXP Semiconductors (NASDAQ:NXPI)

Cardinal Capital Management Inc. grew its position in NXP Semiconductors (NASDAQ:NXPI - Free Report) by 9.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 113,340 shares of the semiconductor provider's stock after acquiring an additional 10,020 shares during the period. Cardinal Capital Management Inc.'s holdings in NXP Semiconductors were worth $21,541,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NXPI. Norges Bank bought a new position in shares of NXP Semiconductors in the 4th quarter valued at $672,224,000. Van ECK Associates Corp lifted its stake in shares of NXP Semiconductors by 27.1% in the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock valued at $803,432,000 after acquiring an additional 824,317 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in shares of NXP Semiconductors by 131.4% in the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after acquiring an additional 582,317 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of NXP Semiconductors by 26,732.0% in the 1st quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider's stock valued at $110,969,000 after acquiring an additional 581,688 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in NXP Semiconductors by 14.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,086,294 shares of the semiconductor provider's stock valued at $849,336,000 after purchasing an additional 500,413 shares during the period. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Down 0.6%

Shares of NXPI traded down $1.31 during trading hours on Wednesday, hitting $217.41. The stock had a trading volume of 2,221,211 shares, compared to its average volume of 2,722,925. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The firm has a 50 day simple moving average of $189.22 and a 200-day simple moving average of $205.48. The firm has a market capitalization of $54.92 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the business posted $3.24 EPS. Sell-side analysts predict that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NXPI has been the subject of a number of recent research reports. Citigroup decreased their price objective on NXP Semiconductors from $290.00 to $220.00 and set a "buy" rating for the company in a report on Friday, April 11th. Stifel Nicolaus decreased their price objective on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a report on Thursday, April 17th. UBS Group decreased their price objective on NXP Semiconductors from $265.00 to $250.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Morgan Stanley set a $229.00 price objective on NXP Semiconductors in a report on Monday, April 21st. Finally, Barclays decreased their price objective on NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $246.22.

Insider Activity

In other news, COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. This trade represents a 10.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.12% of the stock is currently owned by company insiders.

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.