NXP Semiconductors (NASDAQ:NXPI) EVP Sells $813,225.00 in Stock

NXP Semiconductors (NASDAQ:NXPI) EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NXP Semiconductors Price Performance

NXPI stock opened at $231.88 on Friday. NXP Semiconductors has a 1 year low of $167.21 and a 1 year high of $296.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The stock’s 50 day moving average price is $248.01 and its 200 day moving average price is $254.30. The firm has a market cap of $59.29 billion, a P/E ratio of 21.41, a PEG ratio of 2.50 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company earned $3.04 EPS. NXP Semiconductors’s revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts expect that NXP Semiconductors will post 11.97 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 12th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s payout ratio is currently 37.40%.

Institutional Investors Weigh In On NXP Semiconductors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new position in shares of NXP Semiconductors during the 1st quarter worth $25,000. Family Firm Inc. purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth $27,000. Addison Advisors LLC lifted its stake in shares of NXP Semiconductors by 224.2% during the 2nd quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 74 shares during the period. FinTrust Capital Advisors LLC lifted its stake in shares of NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock worth $26,000 after purchasing an additional 49 shares during the period. Finally, LifeSteps Financial Inc. purchased a new position in shares of NXP Semiconductors during the 1st quarter worth $30,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on NXPI shares. Citigroup boosted their target price on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. Oppenheimer boosted their target price on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $265.00 to $325.00 in a research report on Friday, May 24th. Finally, Stifel Nicolaus boosted their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $294.89.

About NXP Semiconductors

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.