NXP Semiconductors (NASDAQ:NXPI) EVP Christopher Jensen Sells 3,355 Shares of Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) 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 value of $805,200.00. Following the completion of the transaction, the executive vice president owned 288 shares of the company’s stock, valued at approximately $69,120. The trade was a 92.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Trading Down 0.7%

NXP Semiconductors stock opened at $241.97 on Tuesday. The stock has a 50-day moving average price of $231.30 and a 200 day moving average price of $254.11. The company has a market capitalization of $61.02 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 0.83 and a beta of 1.80. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a quick ratio of 1.36, a current ratio of 2.04 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the company earned $2.72 EPS. NXP Semiconductors’s quarterly revenue was up 19.5% on a year-over-year basis. Sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be given a dividend of $1.0140 per share. This represents a $4.06 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 34.64%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NXPI shares. JPMorgan Chase & Co. upped their target price on NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Oppenheimer lifted their price target on NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Susquehanna upped their price objective on NXP Semiconductors from $210.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $282.00 to $265.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NXP Semiconductors in a report on Friday, July 31st. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average target price of $304.91.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds have recently bought and sold shares of NXPI. Allied Private Wealth LLC acquired a new stake in NXP Semiconductors in the 2nd quarter valued at $28,000. Bell Investment Advisors Inc acquired a new stake in shares of NXP Semiconductors in the second quarter valued at about $29,000. Fiduciary Financial Advisors acquired a new stake in shares of NXP Semiconductors in the second quarter valued at about $28,000. Pingora Partners LLC purchased a new stake in shares of NXP Semiconductors during the second quarter worth about $35,000. Finally, SHP Wealth Management acquired a new position in shares of NXP Semiconductors during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

About NXP Semiconductors

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.