West Tower Group LLC Makes New $262,000 Investment in NXP Semiconductors N.V. $NXPI

West Tower Group LLC bought a new stake in NXP Semiconductors N.V. (NASDAQ:NXPI) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,200 shares of the semiconductor provider’s stock, valued at approximately $262,000.

Other large investors have also made changes to their positions in the company. Brown Lisle Cummings Inc. grew its holdings in shares of NXP Semiconductors by 121.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 84 shares during the last quarter. Hemington Wealth Management grew its holdings in shares of NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 59 shares during the last quarter. Hilltop National Bank bought a new stake in shares of NXP Semiconductors in the 2nd quarter worth about $44,000. Valley National Advisers Inc. grew its holdings in shares of NXP Semiconductors by 118.9% in the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider’s stock worth $43,000 after purchasing an additional 126 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in shares of NXP Semiconductors in the 1st quarter worth about $46,000. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of NXP Semiconductors in a report on Wednesday, October 8th. Needham & Company LLC increased their price objective on shares of NXP Semiconductors from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, July 22nd. UBS Group increased their price objective on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Barclays increased their price objective on shares of NXP Semiconductors from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $257.06.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $214.35 on Monday. 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 N.V. has a 1 year low of $148.09 and a 1 year high of $256.62. The company has a market cap of $54.04 billion, a PE ratio of 25.55, a PEG ratio of 2.43 and a beta of 1.44. The company’s 50-day moving average is $225.49 and its two-hundred day moving average is $211.16.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company posted $3.20 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. Equities analysts anticipate that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

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

Insider Buying and Selling at NXP Semiconductors

In related news, CFO William Betz sold 6,785 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $227.34, for a total value of $1,542,501.90. Following the sale, the chief financial officer directly owned 1,520 shares in the company, valued at $345,556.80. This trade represents a 81.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Rafael Sotomayor sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $219.57, for a total transaction of $439,140.00. Following the completion of the sale, the president owned 4,958 shares in the company, valued at $1,088,628.06. This represents a 28.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,785 shares of company stock worth $2,197,852. Company insiders own 0.12% of the company’s stock.

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.