Andrew Micallef Sells 1,000 Shares of NXP Semiconductors (NASDAQ:NXPI) Stock
by Renee Jackson · The Cerbat GemNXP Semiconductors N.V. (NASDAQ:NXPI – Get Free Report) EVP Andrew Micallef sold 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $315.57, for a total transaction of $315,570.00. Following the transaction, the executive vice president owned 8,942 shares in the company, valued at $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NXP Semiconductors Trading Up 5.1%
Shares of NXP Semiconductors stock opened at $313.27 on Friday. The company has a 50-day moving average of $279.65 and a two-hundred day moving average of $241.79. NXP Semiconductors N.V. has a 12-month low of $183.00 and a 12-month high of $339.95. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00. The stock has a market cap of $79.09 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.08 and a beta of 1.77.
NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.98 by $0.07. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.64 EPS. On average, research analysts anticipate that NXP Semiconductors N.V. will post 13.38 EPS for the current fiscal year.
NXP Semiconductors Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be issued a dividend of $1.014 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.3%. NXP Semiconductors’s payout ratio is currently 38.85%.
Institutional Investors Weigh In On NXP Semiconductors
Several hedge funds have recently modified their holdings of NXPI. JPL Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter worth approximately $26,000. SHP Wealth Management purchased a new position in NXP Semiconductors during the fourth quarter worth approximately $27,000. Acumen Wealth Advisors LLC acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $28,000. Jessup Wealth Management Inc acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $29,000. Finally, Wexford Capital LP purchased a new stake in shares of NXP Semiconductors during the 3rd quarter valued at $31,000. 90.54% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Evercore raised their price target on NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. KeyCorp raised their target price on shares of NXP Semiconductors from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein lifted their target price on shares of NXP Semiconductors from $240.00 to $270.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Wolfe Research boosted their price target on NXP Semiconductors from $270.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Wells Fargo & Company increased their price target on NXP Semiconductors from $265.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $295.92.
Get Our Latest Analysis on NXPI
NXP Semiconductors Company Profile
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.
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