Insider Selling: NXP Semiconductors (NASDAQ:NXPI) EVP Sells $552,661.38 in Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) EVP Christopher Jensen sold 1,746 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares of the company’s stock, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Trading Down 8.1%

Shares of NXPI stock opened at $295.96 on Friday. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. The firm has a market capitalization of $74.72 billion, a PE ratio of 28.32, a PEG ratio of 1.16 and a beta of 1.77. The stock has a fifty day simple moving average of $260.21 and a two-hundred day simple moving average of $234.41.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the business posted $2.64 EPS. NXP Semiconductors’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, analysts predict that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Wednesday, March 25th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, March 25th. NXP Semiconductors’s dividend payout ratio is presently 38.76%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NXPI. The Goldman Sachs Group reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Wells Fargo & Company increased their price target on NXP Semiconductors from $235.00 to $265.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Loop Capital increased their price target on NXP Semiconductors from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. BNP Paribas Exane increased their price target on NXP Semiconductors from $270.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus increased their price target on NXP Semiconductors from $215.00 to $250.00 and gave the company a “hold” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NXP Semiconductors has an average rating of “Moderate Buy” and an average price target of $294.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXPI. Norges Bank purchased a new position in NXP Semiconductors in the fourth quarter worth about $613,029,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NXP Semiconductors by 34,719.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,395 shares of the semiconductor provider’s stock worth $581,807,000 after acquiring an additional 2,672,697 shares in the last quarter. Wellington Management Group LLP grew its position in NXP Semiconductors by 11.9% in the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after acquiring an additional 1,333,920 shares in the last quarter. Soroban Capital Partners LP purchased a new position in NXP Semiconductors in the first quarter worth about $169,943,000. Finally, Invesco Ltd. grew its position in NXP Semiconductors by 17.2% in the fourth quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after acquiring an additional 818,985 shares in the last quarter. 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, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.