NXP Semiconductors (NASDAQ:NXPI) EVP Sells $805,200.00 in Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) EVP Christopher Jensen sold 3,355 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the completion of the transaction, the executive vice president directly owned 288 shares in the company, valued at $69,120. This trade represents a 92.09% decrease in their ownership of the stock. The transaction 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 Price Performance

NXPI stock opened at $235.22 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. The business has a 50 day simple moving average of $230.89 and a 200-day simple moving average of $254.78. The firm has a market capitalization of $59.31 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 0.83 and a beta of 1.80. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.72 earnings per share. Equities research analysts anticipate that NXP Semiconductors N.V. 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 will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors’s payout ratio is currently 34.64%.

Institutional Trading of NXP Semiconductors

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in NXP Semiconductors during the second quarter worth $6,716,412,000. State Street Corp grew its position in NXP Semiconductors by 6.4% in the 2nd quarter. State Street Corp now owns 11,699,143 shares of the semiconductor provider’s stock valued at $3,298,932,000 after acquiring an additional 702,099 shares in the last quarter. Wellington Management Group LLP purchased a new stake in NXP Semiconductors during the second quarter worth about $21,099,000. Invesco Ltd. lifted its position in shares of NXP Semiconductors by 17.2% during the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after purchasing an additional 818,985 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of NXP Semiconductors by 11.0% in the fourth quarter. Van ECK Associates Corp now owns 4,253,320 shares of the semiconductor provider’s stock valued at $923,225,000 after purchasing an additional 421,011 shares during the period. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NXPI shares. Cantor Fitzgerald reissued an “overweight” rating on shares of NXP Semiconductors in a research report on Tuesday, September 8th. Citigroup restated a “neutral” rating on shares of NXP Semiconductors in a research report on Monday, July 13th. 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 research note on Wednesday, July 29th. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $304.91.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.