Traders Buy High Volume of Call Options on NXP Semiconductors (NASDAQ:NXPI)

NXP Semiconductors N.V. (NASDAQ:NXPI) was the recipient of unusually large options trading activity on Friday. Traders acquired 12,162 call options on the company. This represents an increase of 176% compared to the typical daily volume of 4,403 call options.

Insider Transactions at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total transaction of $315,570.00. Following the sale, the executive vice president directly owned 8,942 shares in the company, valued at approximately $2,821,826.94. This represents a 10.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares of the company’s stock, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Several large investors have recently added to or reduced their stakes in the stock. JPL Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the third quarter valued at approximately $26,000. SHP Wealth Management purchased a new position in NXP Semiconductors during the 4th quarter worth $27,000. Allied Private Wealth LLC bought a new stake in NXP Semiconductors during the 2nd quarter valued at $28,000. Fiduciary Financial Advisors purchased a new stake in shares of NXP Semiconductors in the 2nd quarter worth $28,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of NXP Semiconductors in the 4th quarter worth $28,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

NXP Semiconductors Trading Up 1.2%

NXPI opened at $234.71 on Friday. The stock has a market cap of $59.18 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 0.79 and a beta of 1.81. The stock’s 50 day moving average price is $273.07 and its 200-day moving average price is $252.52. NXP Semiconductors has a one year low of $183.00 and a one year high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the company earned $2.72 EPS. NXP Semiconductors’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities analysts forecast that NXP Semiconductors will post 13.73 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 24th were paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NXPI shares. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of NXP Semiconductors in a report on Wednesday, July 29th. Citigroup restated a “neutral” rating on shares of NXP Semiconductors in a report on Monday, July 13th. Truist Financial raised their price target on NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price objective on shares of NXP Semiconductors in a research note on Monday, July 27th. Finally, KeyCorp boosted their price objective on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.43.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.