NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) Director Anthony Foxx sold 400 shares of the firm's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total transaction of $105,440.00. Following the sale, the director directly owned 2,942 shares of the company's stock, valued at $775,511.20. The trade was a 11.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
NXP Semiconductors Stock Up 1.6%
Shares of NASDAQ:NXPI traded up $3.86 during midday trading on Friday, reaching $248.29. The company had a trading volume of 7,155,641 shares, compared to its average volume of 4,473,671. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47. The stock's fifty day moving average price is $236.09 and its 200-day moving average price is $246.54. The stock has a market capitalization of $62.58 billion, a P/E ratio of 19.52, a PEG ratio of 0.87 and a beta of 1.83. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95.
NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $0.08. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.76 billion. NXP Semiconductors had a net margin of 23.40% and a return on equity of 28.57%. The firm's revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.11 EPS. Equities research analysts expect that NXP Semiconductors N.V. will post 13.81 earnings per share for the current fiscal year.
NXP Semiconductors announced that its board has authorized a stock repurchase plan on Tuesday, October 27th that allows the company to repurchase $5 billion in outstanding shares. This buyback authorization allows the semiconductor provider to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.
NXP Semiconductors Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th were paid a dividend of $1.0140 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.6%. NXP Semiconductors's payout ratio is presently 31.92%.
Institutional Trading of NXP Semiconductors
Several hedge funds have recently bought and sold shares of NXPI. Gamco Investors INC. ET AL grew its position in NXP Semiconductors by 2.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock worth $454,000 after purchasing an additional 45 shares during the last quarter. Howard Financial Services LTD. raised its holdings in shares of NXP Semiconductors by 2.9% during the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider's stock valued at $412,000 after buying an additional 49 shares during the last quarter. Ballast Advisors LLC raised its holdings in shares of NXP Semiconductors by 0.7% during the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider's stock valued at $1,787,000 after buying an additional 61 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of NXP Semiconductors by 6.1% during the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider's stock worth $236,000 after buying an additional 69 shares during the period. Finally, Allied Private Wealth LLC acquired a new stake in NXP Semiconductors in the 2nd quarter valued at approximately $28,000. 90.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
NXPI has been the topic of a number of recent research reports. Jefferies Financial Group reduced their price target on shares of NXP Semiconductors from $370.00 to $350.00 and set a "buy" rating on the stock in a research report on Wednesday, October 28th. TD Cowen boosted their price objective on shares of NXP Semiconductors from $275.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, October 28th. Wall Street Zen lowered shares of NXP Semiconductors from a "buy" rating to a "hold" rating in a research note on Saturday, October 17th. Needham & Company LLC reissued a "buy" rating and issued a $300.00 target price on shares of NXP Semiconductors in a report on Wednesday, October 28th. Finally, KeyCorp cut their target price on shares of NXP Semiconductors from $345.00 to $330.00 and set an "overweight" rating on the stock in a report on Wednesday, October 28th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $295.78.
Check Out Our Latest Stock Report on NXPI
NXP Semiconductors Company Profile
(
Get Free Report)
NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications.
Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.
The company traces its origins to Philips' semiconductor business, which became an independent company in 2006.
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