Key Points
- NXP EVP Christopher Jensen sold 3,355 shares at an average price of $240, generating $805,200. The transaction occurred under a pre-arranged Rule 10b5-1 plan, leaving him with 288 shares.
- NXP’s latest quarterly results exceeded expectations, with adjusted EPS of $3.61 versus the $3.52 consensus and revenue of $3.50 billion. Revenue increased 19.5% year over year.
- The company declared a quarterly dividend of $1.014 per share, equivalent to an annualized $4.06 payout and a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $304.91.
NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) EVP Christopher Jensen sold 3,355 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $240.00, for a total transaction of $805,200.00. Following the completion of the transaction, the executive vice president directly owned 288 shares in the company, valued at approximately $69,120. This represents a 92.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NXP Semiconductors Stock Down 0.7%
Shares of NASDAQ NXPI opened at $241.97 on Tuesday. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The stock has a market cap of $61.02 billion, a PE ratio of 20.65, a P/E/G ratio of 0.83 and a beta of 1.80. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average of $231.30 and a 200 day moving average of $254.11.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. NXP Semiconductors's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.72 EPS. As a group, sell-side analysts predict that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.
NXP Semiconductors Dividend Announcement
The business 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 $1.0140 per share. The ex-dividend date is Wednesday, September 16th. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. NXP Semiconductors's dividend payout ratio (DPR) is presently 34.64%.
Institutional Trading of NXP Semiconductors
Several institutional investors and hedge funds have recently bought and sold shares of NXPI. Rosenberg Matthew Hamilton acquired a new position in NXP Semiconductors in the third quarter valued at about $53,000. Neville Rodie & Shaw Inc. acquired a new stake in shares of NXP Semiconductors during the third quarter valued at about $320,000. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $525,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of NXP Semiconductors in the 3rd quarter valued at approximately $73,000. Finally, Miller Global Investments LLC acquired a new position in shares of NXP Semiconductors in the 3rd quarter worth approximately $41,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
NXPI has been the subject of several analyst reports. Susquehanna upped their target price on NXP Semiconductors from $210.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, July 21st. Morgan Stanley boosted their price target on shares of NXP Semiconductors from $335.00 to $338.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Citigroup restated a "neutral" rating on shares of NXP Semiconductors in a research report on Monday, July 13th. Stifel Nicolaus decreased their target price on shares of NXP Semiconductors from $282.00 to $265.00 and set a "hold" rating on the stock in a report on Monday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $300.00 price target on shares of NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $304.91.
Read Our Latest Research Report on NXPI
About NXP Semiconductors
(
Get Free Report)
NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.
Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.
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