Stock Traders Purchase Large Volume of Call Options on NXP Semiconductors (NASDAQ:NXPI)

NXP Semiconductors N.V. (NASDAQ:NXPI) was the recipient of some unusual options trading activity on Friday. Investors bought 12,162 call options on the stock. This is an increase of 176% compared to the average daily volume of 4,403 call options.

NXP Semiconductors Stock Performance

NXPI stock traded up $0.40 during trading on Friday, hitting $232.31. 495,844 shares of the company traded hands, compared to its average volume of 3,595,317. The stock’s 50-day simple moving average is $274.29 and its 200 day simple moving average is $252.65. NXP Semiconductors has a 1 year low of $183.00 and a 1 year high of $339.95. The company has a market cap of $58.58 billion, a PE ratio of 19.82, a P/E/G ratio of 0.79 and a beta of 1.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.72 EPS. On average, equities analysts expect that NXP Semiconductors will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Wednesday, June 24th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 24th. NXP Semiconductors’s payout ratio is 34.64%.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of recent analyst reports. KeyCorp raised their price target on shares of NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. UBS Group restated a “neutral” rating and issued a $270.00 price target (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. TD Cowen reduced their price target on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Finally, Mizuho lowered their target price on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a research note on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.43.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president owned 8,942 shares of the company’s stock, valued at $2,821,826.94. This trade represents a 10.06% decrease in their position. The sale 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. Also, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the sale, the executive vice president directly owned 3,643 shares in the company, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On NXP Semiconductors

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPL Wealth Management LLC purchased a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $26,000. SHP Wealth Management purchased a new position in shares of NXP Semiconductors during the fourth quarter worth about $27,000. Allied Private Wealth LLC purchased a new stake in shares of NXP Semiconductors during the second quarter worth approximately $28,000. Fiduciary Financial Advisors acquired a new position in NXP Semiconductors in the 2nd quarter valued at $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in shares of NXP Semiconductors during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.