NXP Semiconductors (NASDAQ:NXPI) EVP Christopher Jensen Sells 1,746 Shares

NXP Semiconductors N.V. (NASDAQ:NXPI) EVP Christopher Jensen sold 1,746 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI opened at $321.88 on Thursday. The firm has a 50 day moving average of $255.73 and a 200 day moving average of $233.10. The firm has a market capitalization of $81.27 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data 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. NXP Semiconductors had a net margin of 21.03% and a return on equity of 26.75%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the firm posted $2.64 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts anticipate that NXP Semiconductors N.V. will post 13.38 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 1.3%. NXP Semiconductors’s payout ratio is currently 38.85%.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC increased its position in shares of NXP Semiconductors by 20.6% in the 4th quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock valued at $265,000 after acquiring an additional 218 shares during the period. NewEdge Advisors LLC increased its holdings in shares of NXP Semiconductors by 3.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock valued at $1,334,000 after purchasing an additional 234 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of NXP Semiconductors by 31.7% in the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock worth $170,000 after acquiring an additional 187 shares during the period. Marshall Wace LLP raised its holdings in NXP Semiconductors by 887.0% in the 2nd quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock worth $8,010,000 after purchasing an additional 32,945 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new position in shares of NXP Semiconductors during the 2nd quarter valued at approximately $555,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NXPI. Evercore upped their price target on NXP Semiconductors from $260.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Wolfe Research boosted their price objective on NXP Semiconductors from $270.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their price target on shares of NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Wells Fargo & Company raised their price target on NXP Semiconductors from $235.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.25.

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.