Julie Southern Acquires 225 Shares of NXP Semiconductors (NASDAQ:NXPI) Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) insider Julie Southern bought 225 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was purchased at an average cost of $225.48 per share, for a total transaction of $50,733.00. Following the completion of the transaction, the insider owned 11,937 shares in the company, valued at approximately $2,691,554.76. The trade was a 1.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NXP Semiconductors Stock Down 0.6%

Shares of NXP Semiconductors stock opened at $226.16 on Friday. The firm has a market cap of $56.92 billion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 3.38 and a beta of 1.46. The stock has a 50-day simple moving average of $210.50 and a 200-day simple moving average of $216.31. NXP Semiconductors N.V. has a 52-week low of $148.09 and a 52-week high of $255.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.45 EPS. On average, equities research analysts expect that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 10th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, December 10th. NXP Semiconductors’s payout ratio is presently 50.25%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NXPI. Sanford C. Bernstein set a $220.00 price objective on shares of NXP Semiconductors and gave the stock a “market perform” rating in a report on Wednesday, October 29th. Evercore ISI boosted their price target on NXP Semiconductors from $289.00 to $292.00 in a research report on Wednesday, October 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $280.00 price target on shares of NXP Semiconductors in a research note on Tuesday, October 28th. TD Cowen cut their price objective on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Finally, Truist Financial boosted their target price on NXP Semiconductors from $252.00 to $254.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $252.47.

Hedge Funds Weigh In On NXP Semiconductors

Institutional investors have recently made changes to their positions in the business. Shelton Capital Management lifted its holdings in shares of NXP Semiconductors by 16.1% during the second quarter. Shelton Capital Management now owns 83,378 shares of the semiconductor provider’s stock worth $18,217,000 after buying an additional 11,577 shares during the last quarter. Vantage Investment Partners LLC grew its stake in shares of NXP Semiconductors by 5.2% in the second quarter. Vantage Investment Partners LLC now owns 34,193 shares of the semiconductor provider’s stock worth $7,471,000 after acquiring an additional 1,675 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in shares of NXP Semiconductors in the second quarter worth $3,540,000. CCLA Investment Management increased its position in NXP Semiconductors by 6.5% during the second quarter. CCLA Investment Management now owns 545,580 shares of the semiconductor provider’s stock worth $119,121,000 after acquiring an additional 33,112 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its stake in NXP Semiconductors by 13.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 58,645 shares of the semiconductor provider’s stock valued at $12,813,000 after purchasing an additional 7,034 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

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.