NXP Semiconductors (NASDAQ:NXPI) EVP Sells 1,000 Shares of Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the completion of the sale, the executive vice president directly owned 7,942 shares in the company, valued at approximately $1,795,209.68. This trade represents a 11.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Stock Down 3.3%

Shares of NXP Semiconductors stock opened at $218.98 on Thursday. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a market capitalization of $55.22 billion, a P/E ratio of 18.68, a P/E/G ratio of 0.77 and a beta of 1.81. The company has a 50 day moving average of $241.90 and a 200 day moving average of $251.35.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm posted $2.72 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, research analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be paid a $1.014 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.9%. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NXPI shares. Oppenheimer upped their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. boosted their target price on NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price target on shares of NXP Semiconductors in a report on Wednesday, July 29th. Morgan Stanley increased their price target on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Susquehanna raised their price objective on shares of NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $305.65.

Institutional Trading of NXP Semiconductors

Several institutional investors and hedge funds have recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at about $59,000. Integrated Wealth Concepts LLC increased its position in NXP Semiconductors by 40.4% during the second quarter. Integrated Wealth Concepts LLC now owns 12,051 shares of the semiconductor provider’s stock worth $3,387,000 after buying an additional 3,466 shares during the period. Parkside Financial Bank & Trust lifted its stake in NXP Semiconductors by 37.5% in the second quarter. Parkside Financial Bank & Trust now owns 682 shares of the semiconductor provider’s stock valued at $192,000 after buying an additional 186 shares during the last quarter. Corient Private Wealth LP purchased a new stake in NXP Semiconductors in the second quarter valued at approximately $97,000. Finally, Amundi acquired a new stake in shares of NXP Semiconductors in the second quarter valued at approximately $513,420,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.