Hennion & Walsh Asset Management Inc. Buys 459 Shares of NXP Semiconductors (NASDAQ:NXPI)

Hennion & Walsh Asset Management Inc. grew its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 19.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,777 shares of the semiconductor provider’s stock after buying an additional 459 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in NXP Semiconductors were worth $577,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Heritage Family Offices LLP raised its holdings in NXP Semiconductors by 5.7% in the 4th quarter. Heritage Family Offices LLP now owns 3,478 shares of the semiconductor provider’s stock valued at $723,000 after acquiring an additional 189 shares in the last quarter. Rovin Capital UT ADV raised its stake in shares of NXP Semiconductors by 55.0% in the fourth quarter. Rovin Capital UT ADV now owns 3,143 shares of the semiconductor provider’s stock valued at $653,000 after purchasing an additional 1,115 shares in the last quarter. Outlook Wealth Advisors LLC lifted its position in NXP Semiconductors by 25.6% in the fourth quarter. Outlook Wealth Advisors LLC now owns 1,852 shares of the semiconductor provider’s stock worth $385,000 after purchasing an additional 377 shares during the period. Pinnacle Bancorp Inc. boosted its stake in NXP Semiconductors by 38.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 628 shares of the semiconductor provider’s stock worth $131,000 after buying an additional 176 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in NXP Semiconductors by 19.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,484 shares of the semiconductor provider’s stock worth $309,000 after buying an additional 240 shares in the last quarter. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $215.36 on Tuesday. NXP Semiconductors has a 1 year low of $202.25 and a 1 year high of $296.08. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average is $217.51 and its 200-day moving average is $235.89. The firm has a market capitalization of $54.74 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.11 and a beta of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $3.31 EPS. Sell-side analysts forecast that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NXPI. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Monday, January 13th. 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 research note on Friday. Susquehanna lowered their price objective on NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Citic Securities started coverage on NXP Semiconductors in a report on Friday, October 11th. They issued a $288.00 target price for the company. Finally, Oppenheimer decreased their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.60.

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.