Heritage Family Offices LLP Buys 189 Shares of NXP Semiconductors (NASDAQ:NXPI)

Heritage Family Offices LLP increased its stake in shares of NXP Semiconductors (NASDAQ:NXPI) by 5.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,478 shares of the semiconductor provider’s stock after buying an additional 189 shares during the quarter. Heritage Family Offices LLP’s holdings in NXP Semiconductors were worth $723,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its holdings in shares of NXP Semiconductors by 33.5% during the 2nd quarter. Federated Hermes Inc. now owns 1,617 shares of the semiconductor provider’s stock worth $435,000 after purchasing an additional 406 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in NXP Semiconductors by 3,072.5% during the second quarter. Brown Brothers Harriman & Co. now owns 3,807 shares of the semiconductor provider’s stock worth $1,024,000 after buying an additional 3,687 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in NXP Semiconductors by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,086,245 shares of the semiconductor provider’s stock worth $292,246,000 after buying an additional 127,607 shares in the last quarter. Edgestream Partners L.P. bought a new position in NXP Semiconductors in the 2nd quarter valued at about $258,000. Finally, Virtu Financial LLC acquired a new position in shares of NXP Semiconductors in the 2nd quarter valued at approximately $1,858,000. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Stock Performance

Shares of NXP Semiconductors stock opened at $213.56 on Thursday. The stock has a market cap of $54.28 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 3.11 and a beta of 1.47. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a twelve month low of $201.58 and a twelve month high of $296.08. The company’s fifty day moving average is $218.74 and its 200 day moving average is $237.09.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share 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 company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the firm posted $3.31 earnings per share. The business’s quarterly revenue was down 5.4% on a year-over-year basis. Sell-side analysts forecast that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Dividend Announcement

The company also recently declared 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 1.90%. NXP Semiconductors’s payout ratio is 38.74%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NXPI shares. Susquehanna decreased their price objective on shares of NXP Semiconductors from $260.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Mizuho set a $290.00 price target on NXP Semiconductors in a research note on Friday, October 18th. Morgan Stanley lowered their price target on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company initiated coverage on NXP Semiconductors in a research note on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price objective on the stock. Finally, Loop Capital started coverage on NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.19.

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.