Insider Selling: NXP Semiconductors (NASDAQ:NXPI) COO Sells 1,000 Shares of Stock

NXP Semiconductors (NASDAQ:NXPI) COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares in the company, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NXP Semiconductors Stock Performance

NXP Semiconductors stock traded down $2.73 during midday trading on Tuesday, reaching $207.10. 1,654,544 shares of the company’s stock were exchanged, compared to its average volume of 2,290,807. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm has a market cap of $52.52 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 3.01 and a beta of 1.47. The stock’s 50-day simple moving average is $215.88 and its 200 day simple moving average is $224.05.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is currently 41.62%.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ORG Wealth Partners LLC boosted its holdings in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after acquiring an additional 88 shares during the period. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $32,000. Runnymede Capital Advisors Inc. bought a new stake in shares of NXP Semiconductors during the fourth quarter worth approximately $32,000. Finally, FSA Wealth Management LLC bought a new stake in shares of NXP Semiconductors during the third quarter worth approximately $33,000. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on NXPI shares. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $231.00 to $257.00 in a research note on Wednesday, February 12th. Citigroup raised NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $210.00 to $290.00 in a research note on Thursday, February 20th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Truist Financial lifted their price target on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research note on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $267.00.

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.