Key Points
- NXP Semiconductors EVP Christopher Jensen sold 1,746 shares for about $552,661 in a pre-arranged Rule 10b5-1 transaction, reducing his holdings by 32.4%.
- The company recently reported better-than-expected quarterly results, with EPS of $3.05 versus $2.98 expected and revenue of $3.18 billion, up 12.2% year over year.
- NXP also paid a quarterly dividend of $1.014 per share and currently has a dividend yield of 1.3%, while analysts remain broadly bullish with a Moderate Buy rating and average price target of $294.25.
NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) EVP Christopher Jensen sold 1,746 shares of the company's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total transaction of $552,661.38. Following the sale, the executive vice president directly owned 3,643 shares of the company's stock, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. The sale 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 Price Performance
NXPI stock opened at $321.88 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.24 and a quick ratio of 1.55. The business has a 50 day simple moving average of $255.73 and a 200-day simple moving average of $233.10. The firm has a market capitalization of $81.27 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.17 and a beta of 1.77. NXP Semiconductors N.V. has a 1 year low of $183.00 and a 1 year high of $339.95.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the company earned $2.64 EPS. The company's revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts anticipate that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.
NXP Semiconductors Announces Dividend
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. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 1.3%. NXP Semiconductors's dividend payout ratio (DPR) is 38.85%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in NXPI. MCF Advisors LLC lifted its holdings in NXP Semiconductors by 25.3% in the fourth quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider's stock worth $46,000 after acquiring an additional 43 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in shares of NXP Semiconductors by 1.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider's stock worth $752,000 after purchasing an additional 43 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in NXP Semiconductors by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock valued at $454,000 after buying an additional 45 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of NXP Semiconductors by 0.6% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider's stock valued at $1,829,000 after acquiring an additional 50 shares during the period. Finally, IHT Wealth Management LLC raised its stake in shares of NXP Semiconductors by 4.6% in the 2nd quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider's stock worth $261,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.
Wall Street Analysts Forecast Growth
NXPI has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Barclays increased their price objective on shares of NXP Semiconductors from $295.00 to $340.00 and gave the company an "overweight" rating in a research report on Tuesday, May 5th. Citigroup raised their target price on NXP Semiconductors from $255.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Susquehanna boosted their price target on shares of NXP Semiconductors from $210.00 to $250.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. Finally, Raymond James Financial increased their price objective on NXP Semiconductors from $250.00 to $300.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $294.25.
Check Out Our Latest Stock Analysis on NXP Semiconductors
NXP Semiconductors Company Profile
(
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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