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

Westover Capital Advisors LLC cut its holdings in shares of NXP Semiconductors (NASDAQ:NXPI - Free Report) by 62.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,811 shares of the semiconductor provider's stock after selling 6,385 shares during the period. Westover Capital Advisors LLC's holdings in NXP Semiconductors were worth $792,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NXPI. ORG Wealth Partners LLC boosted its holdings in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider's stock valued at $27,000 after purchasing an additional 119 shares during the period. FSA Wealth Management LLC acquired a new position in shares of NXP Semiconductors during the third quarter worth about $33,000. Sound Income Strategies LLC lifted its stake in NXP Semiconductors by 169.2% in the fourth 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. Brooklyn Investment Group grew its holdings in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider's stock worth $33,000 after acquiring an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC grew its holdings in NXP Semiconductors by 52.4% during the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider's stock worth $45,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

NXP Semiconductors Stock Performance

Shares of NXPI stock traded up $5.61 during mid-day trading on Wednesday, hitting $216.77. The stock had a trading volume of 2,195,614 shares, compared to its average volume of 2,299,835. The firm has a market cap of $54.98 billion, a PE ratio of 22.28, a PEG ratio of 3.01 and a beta of 1.46. The company's 50-day simple moving average is $215.99 and its 200-day simple moving average is $226.68. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08.

Wall Street Analyst Weigh In

NXPI has been the subject of a number of recent analyst reports. Citigroup raised 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 report on Thursday, February 20th. Barclays lowered their target price on shares of NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, January 17th. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. TD Cowen dropped their price objective on NXP Semiconductors from $300.00 to $285.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Finally, Oppenheimer reduced their target price on NXP Semiconductors from $330.00 to $300.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $267.00.

About NXP Semiconductors

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.