NXP Semiconductors (NASDAQ:NXPI) EVP Andrew Micallef Sells 1,000 Shares of Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the sale, the executive vice president owned 7,942 shares in the company, valued at $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Stock Performance

NXPI opened at $227.95 on Friday. The firm’s fifty day simple moving average is $240.65 and its two-hundred day simple moving average is $251.35. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a market cap of $57.48 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 0.74 and a beta of 1.81. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.72 EPS. Equities analysts anticipate that NXP Semiconductors N.V. will post 13.73 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is 34.64%.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NXPI. Allied Private Wealth LLC purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth $28,000. Bell Investment Advisors Inc acquired a new position in shares of NXP Semiconductors during the 2nd quarter valued at about $29,000. Fiduciary Financial Advisors purchased a new stake in shares of NXP Semiconductors in the second quarter valued at about $28,000. Pingora Partners LLC purchased a new stake in shares of NXP Semiconductors in the second quarter valued at about $35,000. Finally, SHP Wealth Management acquired a new stake in NXP Semiconductors during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NXPI. JPMorgan Chase & Co. boosted their price target on NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. TD Cowen lowered their target price on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $290.00 target price (up from $270.00) on shares of NXP Semiconductors in a report on Wednesday, July 29th. Wells Fargo & Company reduced their target price on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Finally, UBS Group reissued 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. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $305.65.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. (NASDAQ: NXPI) is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.