NXP Semiconductors (NASDAQ:NXPI) Shares Purchased by Westover Capital Advisors LLC

Westover Capital Advisors LLC boosted its holdings in NXP Semiconductors (NASDAQ:NXPI) by 17.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,113 shares of the semiconductor provider’s stock after acquiring an additional 1,208 shares during the period. Westover Capital Advisors LLC’s holdings in NXP Semiconductors were worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Operose Advisors LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth about $26,000. BluePath Capital Management LLC acquired a new stake in shares of NXP Semiconductors during the 3rd quarter worth about $28,000. Valley National Advisers Inc. boosted its stake in shares of NXP Semiconductors by 98.6% during the 4th quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock worth $31,000 after purchasing an additional 68 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its stake in shares of NXP Semiconductors by 100.0% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock worth $40,000 after purchasing an additional 100 shares during the last quarter. Finally, Atticus Wealth Management LLC boosted its stake in shares of NXP Semiconductors by 358.7% during the 3rd quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock worth $42,000 after purchasing an additional 165 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 2.1 %

Shares of NXPI traded up $5.28 during mid-day trading on Thursday, reaching $254.71. 1,494,300 shares of the stock traded hands, compared to its average volume of 2,389,283. The firm has a market cap of $65.23 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 0.97 and a beta of 1.54. The stock has a fifty day simple moving average of $242.28 and a 200 day simple moving average of $220.92. NXP Semiconductors has a 12-month low of $161.23 and a 12-month high of $264.26. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 1.11.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. Sell-side analysts expect that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 21st were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Wednesday, March 20th. NXP Semiconductors’s payout ratio is currently 37.49%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NXPI. Truist Financial raised their price target on shares of NXP Semiconductors from $265.00 to $291.00 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC raised their target price on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $290.00 target price on shares of NXP Semiconductors in a research report on Tuesday. Finally, Morgan Stanley raised their target price on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus price target of $257.72.

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.