Insider Selling: 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 NXP Semiconductors 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 completion of the transaction, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. The trade was a 10.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Price Performance

NXPI opened at $313.27 on Friday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a market cap of $79.09 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.13 and a beta of 1.77. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $281.83 and a 200 day moving average of $242.29.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.07. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.64 EPS. On average, sell-side analysts expect that NXP Semiconductors N.V. will post 13.4 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business 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 dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors’s payout ratio is presently 38.85%.

Analyst Ratings Changes

Several research analysts have commented on NXPI shares. JPMorgan Chase & Co. raised their target price on NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Susquehanna upped their price target on NXP Semiconductors from $210.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Mizuho increased their price target on shares of NXP Semiconductors from $188.00 to $200.00 and gave the stock an “underperform” rating in a report on Wednesday, April 29th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Finally, KeyCorp upped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus price target of $295.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPL Wealth Management LLC bought a new stake in NXP Semiconductors during the third quarter worth about $26,000. SHP Wealth Management bought a new position in shares of NXP Semiconductors during the 4th quarter valued at about $27,000. Acumen Wealth Advisors LLC purchased a new position in shares of NXP Semiconductors during the 4th quarter valued at about $28,000. Jessup Wealth Management Inc purchased a new position in shares of NXP Semiconductors during the 4th quarter valued at about $29,000. Finally, Wexford Capital LP bought a new stake in NXP Semiconductors in the 3rd quarter worth approximately $31,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.