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

Westover Capital Advisors LLC raised its holdings in NXP Semiconductors (NASDAQ:NXPI) by 11.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,190 shares of the semiconductor provider’s stock after acquiring an additional 629 shares during the period. Westover Capital Advisors LLC’s holdings in NXP Semiconductors were worth $1,154,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NXPI. Lumature Wealth Partners LLC increased its holdings in shares of NXP Semiconductors by 2.1% in the fourth quarter. Lumature Wealth Partners LLC now owns 2,730 shares of the semiconductor provider’s stock valued at $431,000 after purchasing an additional 55 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of NXP Semiconductors by 0.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 12,120 shares of the semiconductor provider’s stock worth $2,243,000 after acquiring an additional 60 shares during the last quarter. Heritage Wealth Advisors raised its holdings in shares of NXP Semiconductors by 12.0% during the 1st quarter. Heritage Wealth Advisors now owns 586 shares of the semiconductor provider’s stock worth $109,000 after acquiring an additional 63 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of NXP Semiconductors by 1.5% during the 1st quarter. Sunbelt Securities Inc. now owns 4,213 shares of the semiconductor provider’s stock worth $765,000 after acquiring an additional 63 shares during the period. Finally, Midwest Professional Planners LTD. boosted its position in shares of NXP Semiconductors by 2.1% during the 4th quarter. Midwest Professional Planners LTD. now owns 3,200 shares of the semiconductor provider’s stock valued at $506,000 after acquiring an additional 66 shares during the last quarter. 90.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on NXPI shares. Wells Fargo & Company lifted their target price on shares of NXP Semiconductors from $200.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. TD Cowen lifted their price target on shares of NXP Semiconductors from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Deutsche Bank Aktiengesellschaft increased their price objective on NXP Semiconductors from $200.00 to $230.00 in a research report on Monday, July 17th. KeyCorp lifted their target price on NXP Semiconductors from $225.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, July 26th. Finally, Barclays increased their price target on NXP Semiconductors from $170.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday, July 20th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $225.00.

NXP Semiconductors Trading Down 2.0 %

NASDAQ:NXPI opened at $199.50 on Wednesday. NXP Semiconductors has a 12-month low of $132.08 and a 12-month high of $225.57. The firm has a market cap of $51.43 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.57. The company has a current ratio of 1.82, a quick ratio of 1.31 and a debt-to-equity ratio of 1.24. The stock has a fifty day moving average price of $209.34 and a 200 day moving average price of $189.56.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Monday, July 24th. The semiconductor provider reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.14. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.20 billion. NXP Semiconductors had a return on equity of 42.95% and a net margin of 21.04%. Sell-side analysts anticipate that NXP Semiconductors will post 12.49 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 13th will be given a dividend of $1.014 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 2.03%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.32%.

Insider Buying and Selling

In other NXP Semiconductors news, insider Julie Southern acquired 203 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were acquired at an average price of $218.07 per share, for a total transaction of $44,268.21. Following the acquisition, the insider now owns 10,540 shares in the company, valued at approximately $2,298,457.80. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Kurt Sievers sold 20,890 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $223.40, for a total value of $4,666,826.00. Following the completion of the sale, the chief executive officer now directly owns 156,457 shares of the company’s stock, valued at $34,952,493.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Julie Southern acquired 203 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average cost of $218.07 per share, for a total transaction of $44,268.21. Following the acquisition, the insider now owns 10,540 shares of the company’s stock, valued at approximately $2,298,457.80. The disclosure for this purchase can be found here. Insiders own 0.13% of the company’s stock.

NXP Semiconductors 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.