Key Points
- NXP EVP Christopher Jensen sold 4,576 shares at an average price of $234.03 for proceeds of $1,070,921.28 under a pre-arranged Rule 10b5-1 plan, cutting his holding by 45.92% to 5,389 shares.
- The company beat its latest quarter with EPS of $3.35 vs. $3.31 expected and revenue of $3.34 billion (up 7.2% year-over-year), and analysts project roughly 12.51 EPS for the current fiscal year.
- NXP pays a quarterly dividend of $1.014 (annualized $4.06, ~1.7% yield) and carries a MarketBeat consensus rating of Moderate Buy with an average target price of $250.59.
NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) EVP Christopher Jensen sold 4,576 shares of the firm's stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the sale, the executive vice president owned 5,389 shares of the company's stock, valued at approximately $1,261,187.67. This represents a 45.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NXP Semiconductors Stock Down 2.9%
Shares of NXP Semiconductors stock opened at $236.87 on Tuesday. The company has a 50-day simple moving average of $210.61 and a two-hundred day simple moving average of $217.00. The stock has a market capitalization of $59.82 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46. NXP Semiconductors N.V. has a 52-week low of $176.26 and a 52-week high of $256.36. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 2.05.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $0.04. The firm had revenue of $3.34 billion for the quarter, compared to analysts' expectations of $3.30 billion. NXP Semiconductors had a net margin of 16.47% and a return on equity of 26.72%. The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.18 earnings per share. On average, analysts anticipate that NXP Semiconductors N.V. will post 12.51 EPS for the current fiscal year.
NXP Semiconductors Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors's dividend payout ratio (DPR) is currently 51.01%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of NXP Semiconductors in a report on Tuesday, February 3rd. Morgan Stanley reiterated an "overweight" rating on shares of NXP Semiconductors in a report on Friday, January 16th. Stifel Nicolaus boosted their target price on NXP Semiconductors from $215.00 to $250.00 and gave the stock a "hold" rating in a research report on Friday. Barclays restated an "overweight" rating and set a $255.00 target price on shares of NXP Semiconductors in a research note on Thursday, January 15th. Finally, Mizuho reiterated an "underperform" rating and issued a $188.00 price target (down from $255.00) on shares of NXP Semiconductors in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average target price of $250.59.
Get Our Latest Stock Report on NXPI
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in NXP Semiconductors in the 4th quarter worth approximately $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of NXP Semiconductors by 34,719.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider's stock worth $581,807,000 after purchasing an additional 2,672,697 shares in the last quarter. Wellington Management Group LLP raised its position in shares of NXP Semiconductors by 11.9% during the 3rd quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider's stock valued at $2,865,690,000 after purchasing an additional 1,333,920 shares during the period. SG Americas Securities LLC raised its position in shares of NXP Semiconductors by 307.7% during the 3rd quarter. SG Americas Securities LLC now owns 1,179,129 shares of the semiconductor provider's stock valued at $268,523,000 after purchasing an additional 889,883 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider's stock valued at $1,210,038,000 after buying an additional 818,985 shares in the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.
About NXP Semiconductors
(
Get Free Report)
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP's offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.
Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.
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