Heck Capital Advisors LLC Buys New Shares in NXP Semiconductors (NASDAQ:NXPI)

Heck Capital Advisors LLC purchased a new position in NXP Semiconductors (NASDAQ:NXPI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,519 shares of the semiconductor provider’s stock, valued at approximately $524,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NXPI. GDS Wealth Management boosted its holdings in shares of NXP Semiconductors by 7.7% during the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after purchasing an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new position in NXP Semiconductors during the 3rd quarter valued at approximately $13,445,000. Merit Financial Group LLC bought a new stake in NXP Semiconductors in the 4th quarter worth approximately $360,000. Banque Cantonale Vaudoise increased its stake in NXP Semiconductors by 60.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock worth $6,204,000 after acquiring an additional 9,710 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of NXP Semiconductors by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 303,895 shares of the semiconductor provider’s stock valued at $72,938,000 after acquiring an additional 5,722 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

NXP Semiconductors Stock Down 1.3 %

Shares of NASDAQ:NXPI opened at $208.55 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $215.79 and its 200 day moving average is $232.08. The stock has a market cap of $53.00 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47. NXP Semiconductors has a 52-week low of $202.25 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating the consensus estimate 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 last year, the firm posted $3.31 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. Sell-side analysts predict that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Thursday, December 5th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, December 5th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.94%. NXP Semiconductors’s dividend payout ratio is presently 38.65%.

Analyst Upgrades and Downgrades

NXPI has been the topic of several research reports. Morgan Stanley reduced their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Loop Capital began coverage on shares of NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. Needham & Company LLC dropped their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. UBS Group reduced their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Mizuho set a $290.00 target price on NXP Semiconductors in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $270.85.

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.