NXP Semiconductors (NASDAQ:NXPI) Director Sells $105,440.00 in Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) Director Anthony Foxx sold 400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total transaction of $105,440.00. Following the transaction, the director owned 2,942 shares in the company, valued at approximately $775,511.20. This trade represents a 11.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

NXP Semiconductors Stock Down 7.8%

NXPI stock opened at $244.43 on Friday. The company has a fifty day moving average price of $235.65 and a 200 day moving average price of $246.45. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a market cap of $61.61 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 0.90 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Tuesday, October 27th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.08. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. NXP Semiconductors’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period last year, the firm posted $3.11 EPS. Sell-side analysts expect that NXP Semiconductors N.V. will post 13.81 earnings per share for the current year.

NXP Semiconductors announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 27th that allows the company to repurchase $5 billion in outstanding shares. This buyback authorization allows the semiconductor provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors’s dividend payout ratio is 31.84%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Bank of America restated a “neutral” rating and issued a $280.00 price target on shares of NXP Semiconductors in a research report on Wednesday, October 28th. JPMorgan Chase & Co. increased their price objective on NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Stifel Nicolaus lowered their target price on NXP Semiconductors from $265.00 to $250.00 and set a “hold” rating on the stock in a research note on Wednesday, October 28th. KeyCorp dropped their target price on NXP Semiconductors from $345.00 to $330.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Finally, Jefferies Financial Group dropped their target price on NXP Semiconductors from $370.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued 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 $295.78.

Institutional Trading of NXP Semiconductors

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in NXP Semiconductors in the third quarter valued at about $1,126,000. Ieq Capital LLC acquired a new position in NXP Semiconductors during the 2nd quarter worth approximately $1,208,000. BlackRock Inc. acquired a new position in NXP Semiconductors during the 2nd quarter worth approximately $6,716,412,000. The Manufacturers Life Insurance Company purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $36,657,000. Finally, Pure Financial Advisors LLC purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $695,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.