NXP Semiconductors (NASDAQ:NXPI) EVP Andrew Hardy Sells 5,289 Shares

NXP Semiconductors N.V. (NASDAQ:NXPI) EVP Andrew Hardy sold 5,289 shares of NXP Semiconductors stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $235.00, for a total value of $1,242,915.00. Following the transaction, the executive vice president owned 2,020 shares of the company’s stock, valued at $474,700. The trade was a 72.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Stock Down 2.9%

Shares of NASDAQ:NXPI opened at $236.87 on Tuesday. The stock has a fifty day simple moving average of $210.61 and a two-hundred day simple moving average of $217.00. The stock has a market capitalization of $59.82 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.12 and a beta of 1.46. NXP Semiconductors N.V. has a 12-month low of $176.26 and a 12-month high of $256.36. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.04. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.30 billion. NXP Semiconductors had a return on equity of 26.72% and a net margin of 16.47%.The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.18 earnings per share. On average, research analysts anticipate that NXP Semiconductors N.V. will post 12.51 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Wednesday, March 25th were paid a $1.014 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $4.06 annualized dividend and a dividend yield of 1.7%. NXP Semiconductors’s payout ratio is currently 51.01%.

Institutional Trading of NXP Semiconductors

Several large investors have recently modified their holdings of NXPI. Brighton Jones LLC grew its holdings in shares of NXP Semiconductors by 20.6% in the fourth quarter. Brighton Jones LLC now owns 1,276 shares of the semiconductor provider’s stock worth $265,000 after acquiring an additional 218 shares during the period. NewEdge Advisors LLC grew its holdings in shares of NXP Semiconductors by 3.4% in the first quarter. NewEdge Advisors LLC now owns 7,021 shares of the semiconductor provider’s stock worth $1,334,000 after acquiring an additional 234 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of NXP Semiconductors by 31.7% in the second quarter. EverSource Wealth Advisors LLC now owns 777 shares of the semiconductor provider’s stock worth $170,000 after acquiring an additional 187 shares during the period. Marshall Wace LLP grew its holdings in shares of NXP Semiconductors by 887.0% in the second quarter. Marshall Wace LLP now owns 36,659 shares of the semiconductor provider’s stock worth $8,010,000 after acquiring an additional 32,945 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in shares of NXP Semiconductors in the second quarter worth $555,000. Institutional investors own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NXPI. TD Cowen decreased their price target on NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Citigroup decreased their price target on NXP Semiconductors from $285.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of NXP Semiconductors in a research note on Tuesday, April 21st. Evercore decreased their price target on NXP Semiconductors from $292.00 to $260.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $235.00 price target (down from $265.00) on shares of NXP Semiconductors in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $250.59.

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.