NXP Semiconductors (NASDAQ:NXPI) EVP Sells 1,643 Shares of Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) EVP Andrew Hardy sold 1,643 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $266.49, for a total value of $437,843.07. Following the sale, the executive vice president owned 4,064 shares in the company, valued at approximately $1,083,015.36. This represents a 28.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Trading Down 0.8%

NASDAQ NXPI opened at $267.29 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 current ratio of 2.12, a quick ratio of 1.47 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average of $239.21 and a 200-day moving average of $247.15. The company has a market cap of $67.37 billion, a PE ratio of 21.01, a PEG ratio of 0.91 and a beta of 1.83.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.08. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.11 earnings per share. On average, equities research analysts anticipate that NXP Semiconductors N.V. will post 13.81 EPS for the current fiscal year.

NXP Semiconductors declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 27th that permits the company to repurchase $5 billion in outstanding shares. This repurchase authorization permits the semiconductor provider to buy shares of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s management believes its stock is undervalued.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were given a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is 31.92%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NXPI shares. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 price objective on shares of NXP Semiconductors in a research note on Monday, October 26th. TD Cowen raised their target price on shares of NXP Semiconductors from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Evercore reiterated an “outperform” rating on shares of NXP Semiconductors in a report on Wednesday, October 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of NXP Semiconductors in a research report on Thursday, October 29th. Finally, Oppenheimer upped their price objective on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $295.78.

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently modified their holdings of NXPI. Farther Finance Advisors LLC bought a new stake in shares of NXP Semiconductors during the 3rd quarter worth about $1,126,000. Ieq Capital LLC bought a new position in NXP Semiconductors in the 2nd quarter valued at about $1,208,000. BlackRock Inc. bought a new position in NXP Semiconductors in the 2nd quarter valued at about $6,716,412,000. The Manufacturers Life Insurance Company acquired a new stake in NXP Semiconductors during the second quarter worth approximately $36,657,000. Finally, GAMMA Investing LLC acquired a new stake in NXP Semiconductors during the third quarter worth approximately $1,143,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

About NXP Semiconductors

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications. Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.