Cardinal Capital Management Inc. Increases Stock Position in NXP Semiconductors N.V. $NXPI

Key Points

• Cardinal Capital Management Inc. increased its stake in NXP Semiconductors by 2.7% in Q2 2023, holding 116,384 shares valued at $25,429,000.
• Institutional investors collectively own 90.54% of NXP Semiconductors, with significant increases in holdings reported by several firms during the same quarter.
• Brokerages have generally issued positive ratings on NXP Semiconductors, with target prices ranging from $220.00 to $276.00, indicating optimism in its growth potential.

Cardinal Capital Management Inc. grew its stake in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,384 shares of the semiconductor provider's stock after purchasing an additional 3,044 shares during the quarter. Cardinal Capital Management Inc.'s holdings in NXP Semiconductors were worth $25,429,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Hemington Wealth Management grew its holdings in shares of NXP Semiconductors by 50.0% during the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 59 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock worth $43,000 after purchasing an additional 126 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $44,000. Rossby Financial LCC bought a new stake in NXP Semiconductors during the first quarter valued at about $46,000. Finally, GoalVest Advisory LLC boosted its holdings in NXP Semiconductors by 472.9% in the first quarter. GoalVest Advisory LLC now owns 275 shares of the semiconductor provider's stock worth $52,000 after acquiring an additional 227 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, September 15th. The shares were sold at an average price of $216.21, for a total value of $216,210.00. Following the completion of the sale, the executive vice president owned 6,828 shares in the company, valued at $1,476,281.88. The trade was a 12.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jennifer Wuamett sold 9,132 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total value of $2,100,360.00. Following the completion of the sale, the executive vice president directly owned 27,088 shares of the company's stock, valued at approximately $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,917 shares of company stock worth $4,298,212. Insiders own 0.12% of the company's stock.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded up $1.68 during trading hours on Monday, reaching $225.73. The stock had a trading volume of 1,715,230 shares, compared to its average volume of 2,937,677. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.20. The business's fifty day moving average is $224.13 and its two-hundred day moving average is $208.28. The company has a market cap of $56.91 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 2.54 and a beta of 1.43. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $256.62.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.06. The firm had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.90 billion. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%.The business's revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.20 earnings per share. NXP Semiconductors has set its Q3 2025 guidance at 2.890-3.300 EPS. As a group, research analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 17th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, September 17th. NXP Semiconductors's dividend payout ratio (DPR) is 48.39%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NXPI shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, July 22nd. Wells Fargo & Company increased their price target on shares of NXP Semiconductors from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. KeyCorp increased their price objective on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. UBS Group upped their target price on shares of NXP Semiconductors from $250.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group began coverage on NXP Semiconductors in a research report on Thursday, July 10th. They issued a "buy" rating and a $276.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $256.05.

NXP Semiconductors 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.