NXP Semiconductors (NASDAQ:NXPI) EVP Sells $813,225.00 in Stock

NXP Semiconductors (NASDAQ:NXPI) EVP Jennifer Wuamett sold 3,500 shares of the 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 in the company, valued at $7,033,002.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

NXP Semiconductors Stock Down 2.9 %

Shares of NXP Semiconductors stock opened at $231.88 on Friday. The business has a 50-day moving average of $248.01 and a 200-day moving average of $254.30. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The company has a market capitalization of $59.29 billion, a PE ratio of 21.41, a P/E/G ratio of 2.50 and a beta of 1.49. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.38. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm earned $3.04 earnings per share. As a group, equities analysts forecast 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. Stockholders of record on Thursday, September 12th will be paid a dividend of $1.014 per share. The ex-dividend date is Thursday, September 12th. This represents a $4.06 annualized dividend and a dividend yield of 1.75%. NXP Semiconductors’s dividend payout ratio is presently 37.40%.

Hedge Funds Weigh In On NXP Semiconductors

Several large investors have recently modified their holdings of NXPI. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Vanguard Group Inc. lifted its holdings in NXP Semiconductors by 17.3% in the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after acquiring an additional 1,909,898 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in NXP Semiconductors in the fourth quarter worth about $164,044,000. Kodai Capital Management LP bought a new position in NXP Semiconductors in the fourth quarter worth about $125,319,000. Finally, Bessemer Group Inc. lifted its holdings in NXP Semiconductors by 4,525.6% in the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after acquiring an additional 349,061 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NXPI. StockNews.com lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Oppenheimer increased their target price on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Citigroup increased their target price on NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a research report on Monday, July 15th. Stifel Nicolaus increased their target price on NXP Semiconductors from $240.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Finally, Truist Financial cut their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $294.89.

About NXP Semiconductors

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.