Hennion & Walsh Asset Management Inc. Invests $250,000 in NXP Semiconductors (NASDAQ:NXPI)

Hennion & Walsh Asset Management Inc. bought a new position in shares of NXP Semiconductors (NASDAQ:NXPI) in the first quarter, HoldingsChannel reports. The firm bought 1,008 shares of the semiconductor provider’s stock, valued at approximately $250,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of NXP Semiconductors by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 11,011,534 shares of the semiconductor provider’s stock worth $2,529,129,000 after purchasing an additional 118,562 shares during the period. Norges Bank purchased a new stake in NXP Semiconductors in the fourth quarter worth about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after buying an additional 2,097,727 shares during the period. Morgan Stanley lifted its holdings in NXP Semiconductors by 5.8% in the third quarter. Morgan Stanley now owns 2,185,911 shares of the semiconductor provider’s stock worth $437,008,000 after buying an additional 119,183 shares during the period. Finally, Putnam Investments LLC lifted its holdings in NXP Semiconductors by 4.4% in the fourth quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock worth $359,274,000 after buying an additional 65,741 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the sale, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

NXP Semiconductors Trading Up 0.1 %

NASDAQ:NXPI opened at $272.29 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 12 month low of $167.21 and a 12 month high of $286.87. The company has a market cap of $69.62 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 2.54 and a beta of 1.49. The company has a 50 day simple moving average of $267.51 and a two-hundred day simple moving average of $244.09.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. Research analysts forecast that NXP Semiconductors will post 12.47 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, June 13th. NXP Semiconductors’s payout ratio is 37.40%.

Analyst Upgrades and Downgrades

Several analysts have commented on NXPI shares. TD Cowen raised their price objective on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, March 12th. Cantor Fitzgerald raised their price objective on shares of NXP Semiconductors from $290.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Truist Financial lifted their target price on shares of NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $265.00 to $325.00 in a report on Friday, May 24th. Finally, UBS Group lifted their target price on shares of NXP Semiconductors from $230.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.80.

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.