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

Hennion & Walsh Asset Management Inc. increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 19.8% in the fourth quarter, Holdings Channel reports. The firm owned 2,777 shares of the semiconductor provider’s stock after buying an additional 459 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in NXP Semiconductors were worth $577,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ORG Wealth Partners LLC grew its position in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the period. FSA Wealth Management LLC bought a new position in NXP Semiconductors during the 3rd quarter worth approximately $33,000. Fortitude Family Office LLC grew its holdings in NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares during the period. Avior Wealth Management LLC increased its stake in NXP Semiconductors by 182.1% in the third quarter. Avior Wealth Management LLC now owns 220 shares of the semiconductor provider’s stock valued at $53,000 after purchasing an additional 142 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in NXP Semiconductors in the third quarter worth $58,000. Institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NXPI shares. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their price target for the company from $260.00 to $257.00 in a report on Friday, January 10th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Oppenheimer lowered their price target on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Evercore ISI cut their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, TD Cowen lowered their target price on NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $271.60.

NXP Semiconductors Stock Performance

NXPI opened at $215.36 on Tuesday. The business’s 50-day simple moving average is $217.51 and its 200 day simple moving average is $235.89. NXP Semiconductors has a 52-week low of $202.25 and a 52-week high of $296.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.60 and a current ratio of 2.35. The firm has a market capitalization of $54.74 billion, a PE 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.31 EPS. As a group, sell-side analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed 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 of this dividend was Thursday, December 5th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

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.