Westover Capital Advisors LLC Sells 6,385 Shares of NXP Semiconductors (NASDAQ:NXPI)

Westover Capital Advisors LLC decreased its holdings in shares of NXP Semiconductors (NASDAQ:NXPI) by 62.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,811 shares of the semiconductor provider’s stock after selling 6,385 shares during the quarter. Westover Capital Advisors LLC’s holdings in NXP Semiconductors were worth $792,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC grew its stake in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares during the last quarter. FSA Wealth Management LLC purchased a new position in NXP Semiconductors in the third quarter worth $33,000. Brooklyn Investment Group increased its stake in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 66 shares during the last quarter. Finally, Fortitude Family Office LLC raised its position in NXP Semiconductors by 52.4% during the fourth quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock valued at $45,000 after purchasing an additional 75 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock opened at $216.53 on Tuesday. The business has a 50 day moving average of $216.08 and a 200 day moving average of $226.99. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a market cap of $54.92 billion, a PE ratio of 22.25, a P/E/G ratio of 3.01 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Oppenheimer cut their price objective on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Needham & Company LLC reduced their price target on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Citigroup raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $267.00.

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.