West Tower Group LLC Acquires New Holdings in NXP Semiconductors N.V. $NXPI

West Tower Group LLC acquired a new stake in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,200 shares of the semiconductor provider’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. raised its position in NXP Semiconductors by 121.7% during the second quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 84 shares in the last quarter. Hemington Wealth Management raised its position in NXP Semiconductors by 50.0% during the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock valued at $33,000 after acquiring an additional 59 shares in the last quarter. Hilltop National Bank bought a new position in NXP Semiconductors during the second quarter valued at approximately $44,000. Valley National Advisers Inc. raised its position in NXP Semiconductors by 118.9% during the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock valued at $43,000 after acquiring an additional 126 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in NXP Semiconductors during the first quarter valued at approximately $46,000. Institutional investors own 90.54% of the company’s stock.

Insider Buying and Selling

In related news, CFO William Betz sold 6,785 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the transaction, the chief financial officer owned 1,520 shares of the company’s stock, valued at approximately $345,556.80. The trade was a 81.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, September 15th. The stock was sold at an average price of $216.21, for a total transaction of $216,210.00. Following the sale, the executive vice president owned 6,828 shares in the company, valued at $1,476,281.88. This represents a 12.77% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,785 shares of company stock valued at $2,197,852. 0.12% of the stock is owned by company insiders.

NXP Semiconductors Trading Down 1.4%

Shares of NXPI stock opened at $214.35 on Monday. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $256.62. The firm’s fifty day simple moving average is $225.49 and its 200 day simple moving average is $211.16. The firm has a market capitalization of $54.04 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.43 and a beta of 1.44. The company has a current ratio of 1.74, a quick ratio of 1.20 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.06. NXP Semiconductors had a net margin of 17.72% and a return on equity of 27.99%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the previous year, the firm posted $3.20 earnings per share. NXP Semiconductors’s revenue was down 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 17th were given a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $4.06 dividend on an annualized basis and a yield of 1.9%. NXP Semiconductors’s payout ratio is 48.39%.

Analysts Set New Price Targets

Several brokerages recently weighed in on NXPI. Susquehanna raised their price objective on shares of NXP Semiconductors from $195.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. KeyCorp lifted their price target on shares of NXP Semiconductors from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Barclays lifted their price target on shares of NXP Semiconductors from $190.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of NXP Semiconductors in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus lifted their price target on shares of NXP Semiconductors from $170.00 to $210.00 and gave the company a “hold” rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $257.06.

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.