NXP Semiconductors (NASDAQ:NXPI) EVP Jennifer Wuamett Sells 3,500 Shares

NXP Semiconductors (NASDAQ:NXPI) EVP Jennifer Wuamett sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $231.51 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.21. The firm has a fifty day moving average of $249.70 and a 200 day moving average of $254.56. The firm has a market cap of $59.19 billion, a PE ratio of 21.38, a PEG ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company earned $3.04 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, research analysts predict that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.40%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Needham & Company LLC upped their target price on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Oppenheimer increased their price objective on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Mizuho raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $265.00 to $325.00 in a research report on Friday, May 24th. Wells Fargo & Company upped their price target on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Finally, Morgan Stanley cut their target price on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $294.89.

Institutional Trading of NXP Semiconductors

Several institutional investors have recently made changes to their positions in NXPI. Aveo Capital Partners LLC boosted its position in NXP Semiconductors by 43.7% in the 4th quarter. Aveo Capital Partners LLC now owns 1,500 shares of the semiconductor provider’s stock valued at $345,000 after buying an additional 456 shares during the period. 9258 Wealth Management LLC increased its holdings in shares of NXP Semiconductors by 21.2% in the fourth quarter. 9258 Wealth Management LLC now owns 5,041 shares of the semiconductor provider’s stock valued at $1,158,000 after purchasing an additional 881 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth $294,000. Kingsview Wealth Management LLC boosted its position in NXP Semiconductors by 11.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,675 shares of the semiconductor provider’s stock worth $385,000 after purchasing an additional 174 shares in the last quarter. Finally, Financial Advocates Investment Management acquired a new stake in NXP Semiconductors in the 4th quarter valued at about $293,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.