NXP Semiconductors (NASDAQ:NXPI) EVP Christopher Jensen Sells 4,576 Shares

NXP Semiconductors N.V. (NASDAQ:NXPI) EVP Christopher Jensen sold 4,576 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $234.03, for a total transaction of $1,070,921.28. Following the completion of the transaction, the executive vice president owned 5,389 shares in the company, valued at $1,261,187.67. The trade was a 45.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $236.87 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.38 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $210.61 and a 200-day moving average price of $217.00. The company has a market cap of $59.82 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth 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.

NXP Semiconductors (NASDAQ:NXPI) last posted its earnings results on Tuesday, February 3rd. The semiconductor provider reported $3.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.04. The company had revenue of $3.34 billion for 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%.NXP Semiconductors’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $3.18 earnings per share. As a group, equities analysts anticipate that NXP Semiconductors N.V. will post 12.51 EPS for the current year.

NXP Semiconductors Announces Dividend

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

Hedge Funds Weigh In On NXP Semiconductors

Several large investors have recently made changes to their positions in the business. JPL Wealth Management LLC bought a new stake in shares of NXP Semiconductors in the 3rd quarter worth approximately $26,000. SHP Wealth Management bought a new stake in NXP Semiconductors in the fourth quarter worth $27,000. CNB Bank bought a new stake in NXP Semiconductors in the third quarter worth $28,000. Acumen Wealth Advisors LLC purchased a new stake in shares of NXP Semiconductors in the fourth quarter worth $28,000. Finally, Jessup Wealth Management Inc bought a new position in shares of NXP Semiconductors during the fourth quarter valued at $29,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on NXPI shares. Sanford C. Bernstein restated a “market perform” rating and set a $240.00 target price on shares of NXP Semiconductors in a report on Wednesday, February 4th. TD Cowen reduced their price objective on shares of NXP Semiconductors from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Bank of America restated a “neutral” rating and issued a $230.00 price objective (down from $245.00) on shares of NXP Semiconductors in a report on Monday, April 13th. KeyCorp raised their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, Truist Financial cut their target price on shares of NXP Semiconductors from $265.00 to $255.00 and set a “buy” rating on the stock in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.