Westover Capital Advisors LLC Has $1.86 Million Position in NXP Semiconductors (NASDAQ:NXPI)

Westover Capital Advisors LLC grew its holdings in NXP Semiconductors (NASDAQ:NXPI) by 17.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,113 shares of the semiconductor provider’s stock after buying an additional 1,208 shares during the quarter. Westover Capital Advisors LLC’s holdings in NXP Semiconductors were worth $1,863,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Operose Advisors LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at $26,000. Valley National Advisers Inc. increased its stake in shares of NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after buying an additional 68 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at $28,000. Paradigm Asset Management Co. LLC increased its stake in shares of NXP Semiconductors by 100.0% in the third quarter. Paradigm Asset Management Co. LLC now owns 200 shares of the semiconductor provider’s stock valued at $40,000 after buying an additional 100 shares in the last quarter. Finally, Atticus Wealth Management LLC increased its stake in shares of NXP Semiconductors by 358.7% in the third quarter. Atticus Wealth Management LLC now owns 211 shares of the semiconductor provider’s stock valued at $42,000 after buying an additional 165 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Stock Up 2.1 %

Shares of NASDAQ:NXPI traded up $5.28 during trading on Thursday, hitting $254.71. 1,494,300 shares of the company were exchanged, compared to its average volume of 2,389,283. The stock 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. NXP Semiconductors has a fifty-two week low of $161.23 and a fifty-two week high of $264.26. The firm has a fifty day moving average price of $242.28 and a two-hundred day moving average price of $220.92. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.11.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. As a group, research analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.59%. NXP Semiconductors’s payout ratio is 37.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NXPI shares. Evercore ISI raised their target price on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday. TD Cowen raised their target price on NXP Semiconductors from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, March 12th. Needham & Company LLC lifted their price objective on NXP Semiconductors from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $290.00 price objective on shares of NXP Semiconductors in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on NXP Semiconductors from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.72.

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.