Key Points
- NXP EVP Andrew Micallef sold 1,000 shares at an average price of $226.04, totaling $226,040, under a pre-arranged Rule 10b5-1 trading plan. His remaining direct ownership fell 11.18% to 7,942 shares.
- NXP reported quarterly EPS of $3.61 and revenue of $3.50 billion, exceeding analyst estimates, while revenue increased 19.5% year over year. The company also declared a quarterly dividend of $1.014 per share, representing a 1.8% yield.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $305.65, and institutional investors own approximately 90.54% of the company’s stock.
NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total transaction of $226,040.00. Following the sale, the executive vice president directly owned 7,942 shares in the company, valued at approximately $1,795,209.68. The trade was a 11.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NXP Semiconductors Trading Up 4.1%
NXPI opened at $227.95 on Friday. The stock has a market capitalization of $57.48 billion, a PE ratio of 19.45, a P/E/G ratio of 0.74 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. 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 business's 50 day moving average price is $240.65 and its 200 day moving average price is $251.35.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The company had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter last year, the firm earned $2.72 earnings per share. The firm's quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts expect that NXP Semiconductors N.V. will post 13.73 EPS for the current year.
NXP Semiconductors Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors's dividend payout ratio (DPR) is presently 34.64%.
Analysts Set New Price Targets
A number of research analysts have commented on NXPI shares. Citigroup reaffirmed a "neutral" rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Oppenheimer lifted their price target on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Weiss Ratings reissued a "hold (c+)" rating on shares of NXP Semiconductors in a research note on Friday, July 31st. TD Cowen decreased their price objective on shares of NXP Semiconductors from $340.00 to $290.00 and set a "buy" rating on the stock in a report on Wednesday, July 29th. Finally, Morgan Stanley increased their price objective on shares of NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Sixteen equities research 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's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $305.65.
Check Out Our Latest Research Report on NXP Semiconductors
Hedge Funds Weigh In On NXP Semiconductors
Several institutional investors have recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new stake in NXP Semiconductors during the second quarter worth about $59,000. Integrated Wealth Concepts LLC grew its holdings in shares of NXP Semiconductors by 40.4% in the second 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 grew its holdings in shares of NXP Semiconductors by 37.5% in the second 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 purchased a new stake in NXP Semiconductors during the 2nd quarter worth approximately $97,000. Finally, Amundi acquired a new stake in NXP Semiconductors during the 2nd quarter worth approximately $513,420,000. 90.54% of the stock is owned by institutional investors and hedge funds.
NXP Semiconductors Company Profile
(
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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