Heck Capital Advisors LLC Buys Shares of 2,519 NXP Semiconductors (NASDAQ:NXPI)

Heck Capital Advisors LLC acquired a new position in shares of NXP Semiconductors (NASDAQ:NXPI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,519 shares of the semiconductor provider’s stock, valued at approximately $524,000.

Other hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC boosted its holdings in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the last quarter. Smithfield Trust Co purchased a new position in NXP Semiconductors in the fourth quarter valued at about $32,000. Runnymede Capital Advisors Inc. purchased a new position in NXP Semiconductors in the fourth quarter valued at about $32,000. Ameriflex Group Inc. purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth about $44,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of NXP Semiconductors during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NXPI shares. Needham & Company LLC dropped their target price on NXP Semiconductors from $230.00 to $225.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Mizuho boosted their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, Truist Financial boosted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $246.22.

NXP Semiconductors Stock Performance

NXPI opened at $192.15 on Monday. The company has a market capitalization of $48.54 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 3.01 and a beta of 1.38. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The business has a 50 day moving average price of $188.29 and a two-hundred day moving average price of $207.20.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.24 earnings per share. Research analysts predict that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a $1.014 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $4.06 annualized dividend and a dividend yield of 2.11%. NXP Semiconductors’s dividend payout ratio is currently 44.12%.

Insider Buying and Selling at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This trade represents a 10.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.12% of the stock is owned by corporate insiders.

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.