NXP Semiconductors N.V. (NASDAQ:NXPI – Get Free Report) Director Anthony Foxx sold 400 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total transaction of $105,440.00. Following the sale, the director directly owned 2,942 shares in the company, valued at $775,511.20. The trade was a 11.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NXP Semiconductors Price Performance
NXPI stock opened at $248.29 on Friday. The company has a market capitalization of $62.58 billion, a P/E ratio of 19.52, a PEG ratio of 0.84 and a beta of 1.83. The company has a fifty day moving average price of $236.09 and a 200-day moving average price of $246.54. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $0.08. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business earned $3.11 EPS. As a group, equities analysts expect that NXP Semiconductors N.V. will post 13.81 EPS for the current year.
NXP Semiconductors announced that its board has approved a share repurchase program on Tuesday, October 27th that authorizes the company to repurchase $5 billion in shares. This repurchase authorization authorizes the semiconductor provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
NXP Semiconductors Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.6%. NXP Semiconductors’s dividend payout ratio is currently 31.92%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of NXPI. Gamco Investors INC. ET AL lifted its holdings in NXP Semiconductors by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after acquiring an additional 45 shares during the period. Howard Financial Services LTD. grew its stake in NXP Semiconductors by 2.9% in the 3rd quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider’s stock valued at $412,000 after purchasing an additional 49 shares during the period. Ballast Advisors LLC grew its stake in NXP Semiconductors by 0.7% in the 1st quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider’s stock valued at $1,787,000 after purchasing an additional 61 shares during the period. Chicago Partners Investment Group LLC grew its stake in NXP Semiconductors by 6.1% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider’s stock valued at $236,000 after purchasing an additional 69 shares during the period. Finally, Allied Private Wealth LLC purchased a new stake in shares of NXP Semiconductors during the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on NXPI. Sanford C. Bernstein reissued a “market perform” rating and set a $290.00 price objective (up from $270.00) on shares of NXP Semiconductors in a research report on Wednesday, July 29th. UBS Group lowered NXP Semiconductors from a “buy” rating to a “neutral” rating and decreased their target price for the company from $305.00 to $270.00 in a research report on Monday, August 3rd. KeyCorp cut their price target on NXP Semiconductors from $345.00 to $330.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of NXP Semiconductors in a research note on Wednesday, October 28th. Finally, Mizuho decreased their price objective on NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating for the company in a report on Wednesday, July 29th. Sixteen equities 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. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and an average target price of $295.78.
Get Our Latest Analysis on NXPI
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.
The company traces its origins to Philips’ semiconductor business, which became an independent company in 2006.
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