Key Points
- EVP Christopher Jensen sold 2,300 shares on December 3 at an average price of $228.17 for about $524,791, trimming his stake by 18.75% to 9,965 shares valued at roughly $2.27 million (SEC filing).
- NXP declared a quarterly dividend of $1.014 per share (annualized $4.06), with an ex-dividend date of December 10 and a payment scheduled for January 7, implying a yield of about 1.8%.
- Recent quarter showed a slight EPS miss—$3.11 vs. $3.12 expected—with revenue of $3.17 billion (down 2.4% year-over-year); analysts have a consensus "Moderate Buy" and a target price around $252.47.
NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) insider Julie Southern bought 225 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, December 3rd. The stock was bought at an average cost of $225.48 per share, with a total value of $50,733.00. Following the completion of the purchase, the insider owned 11,937 shares in the company, valued at approximately $2,691,554.76. This trade represents a 1.92% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
NXP Semiconductors Stock Performance
NXPI opened at $227.95 on Friday. The company has a market capitalization of $57.37 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 3.36 and a beta of 1.46. The business's 50-day moving average price is $210.54 and its two-hundred day moving average price is $216.43. NXP Semiconductors N.V. has a 1 year low of $148.09 and a 1 year high of $255.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.37 and a quick ratio of 1.69.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($0.01). NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the company earned $3.45 earnings per share. The firm's quarterly revenue was down 2.4% on a year-over-year basis. Equities analysts expect that NXP Semiconductors N.V. will post 10.28 EPS for the current fiscal year.
NXP Semiconductors Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, December 10th. NXP Semiconductors's dividend payout ratio (DPR) is currently 50.25%.
Analysts Set New Price Targets
A number of brokerages have recently commented on NXPI. Cantor Fitzgerald reissued an "overweight" rating and issued a $280.00 price objective on shares of NXP Semiconductors in a research report on Tuesday, October 28th. TD Cowen lowered their price target on shares of NXP Semiconductors from $270.00 to $260.00 and set a "buy" rating on the stock in a research note on Friday, October 10th. Weiss Ratings reissued a "hold (c)" rating on shares of NXP Semiconductors in a research report on Wednesday, October 8th. Evercore ISI raised their price objective on NXP Semiconductors from $289.00 to $292.00 in a report on Wednesday, October 29th. Finally, Stifel Nicolaus set a $215.00 target price on NXP Semiconductors in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $252.47.
Read Our Latest Report on NXP Semiconductors
Institutional Trading of NXP Semiconductors
A number of large investors have recently added to or reduced their stakes in NXPI. Shelton Capital Management boosted its stake in NXP Semiconductors by 16.1% during the second quarter. Shelton Capital Management now owns 83,378 shares of the semiconductor provider's stock worth $18,217,000 after acquiring an additional 11,577 shares in the last quarter. Vantage Investment Partners LLC increased its stake in shares of NXP Semiconductors by 5.2% during the second quarter. Vantage Investment Partners LLC now owns 34,193 shares of the semiconductor provider's stock valued at $7,471,000 after purchasing an additional 1,675 shares in the last quarter. Alberta Investment Management Corp purchased a new position in shares of NXP Semiconductors during the second quarter valued at approximately $3,540,000. CCLA Investment Management boosted its position in shares of NXP Semiconductors by 6.5% in the 2nd quarter. CCLA Investment Management now owns 545,580 shares of the semiconductor provider's stock worth $119,121,000 after purchasing an additional 33,112 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its stake in shares of NXP Semiconductors by 13.6% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 58,645 shares of the semiconductor provider's stock worth $12,813,000 after buying an additional 7,034 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.
About NXP Semiconductors
(
Get Free Report)
NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
