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

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

NXP Semiconductors Stock Performance

Shares of NXPI opened at $227.99 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The stock has a 50-day moving average of $239.36 and a two-hundred day moving average of $251.19. The stock has a market cap of $57.49 billion, a P/E ratio of 19.45, a P/E/G ratio of 0.78 and a beta of 1.81. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the company earned $2.72 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. As a group, research analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be issued a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio is 34.64%.

Analysts Set New Price Targets

Several analysts have recently commented on NXPI shares. Wall Street Zen raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. TD Cowen decreased their target price on shares of NXP Semiconductors from $340.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Morgan Stanley upped their price target on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $290.00 price target (up from $270.00) on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Oppenheimer lifted 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 analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $305.65.

View Our Latest Research Report on NXPI

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors have recently made changes to their positions in NXPI. Anchor Investment Management LLC purchased a new stake in shares of NXP Semiconductors during the 2nd quarter worth about $59,000. Integrated Wealth Concepts LLC increased its stake in shares of NXP Semiconductors by 40.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 12,051 shares of the semiconductor provider’s stock valued at $3,387,000 after purchasing an additional 3,466 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of NXP Semiconductors by 37.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 682 shares of the semiconductor provider’s stock valued at $192,000 after purchasing an additional 186 shares in the last quarter. Corient Private Wealth LP acquired a new position in NXP Semiconductors in the 2nd quarter worth about $97,000. Finally, Amundi acquired a new position in NXP Semiconductors in the 2nd quarter worth about $513,420,000. 90.54% of the stock is owned by hedge funds and other institutional investors.

About NXP Semiconductors

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for NXP Semiconductors (NASDAQ:NXPI)

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