NXP Semiconductors (NASDAQ:NXPI) EVP Sells $315,570.00 in Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at approximately $2,821,826.94. This trade represents a 10.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Price Performance

Shares of NXP Semiconductors stock traded down $4.69 during mid-day trading on Wednesday, reaching $298.20. 2,822,147 shares of the stock traded hands, compared to its average volume of 3,335,794. The business has a 50-day moving average of $275.26 and a 200 day moving average of $240.22. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The stock has a market capitalization of $75.29 billion, a PE ratio of 28.54, a PEG ratio of 1.14 and a beta of 1.77. The company has a quick ratio of 1.55, a current ratio of 2.24 and a debt-to-equity ratio of 1.00.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the firm earned $2.64 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that NXP Semiconductors N.V. will post 13.38 EPS for the current year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be paid a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio is currently 38.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NXPI shares. Raymond James Financial increased their target price on shares of NXP Semiconductors from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Citigroup increased their price objective on shares of NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wolfe Research raised their price target on shares of NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. KeyCorp raised their price target on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Stifel Nicolaus raised their price target on shares of NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $295.92.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of NXP Semiconductors in the 4th quarter valued at $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NXP Semiconductors by 34,719.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock valued at $581,807,000 after buying an additional 2,672,697 shares during the period. Wellington Management Group LLP grew its position in NXP Semiconductors by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock valued at $2,865,690,000 after acquiring an additional 1,333,920 shares in the last quarter. Soroban Capital Partners LP acquired a new position in NXP Semiconductors in the 1st quarter valued at about $169,943,000. Finally, Invesco Ltd. grew its position in NXP Semiconductors by 17.2% in the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock valued at $1,210,038,000 after acquiring an additional 818,985 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

About NXP Semiconductors

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.