NXP Semiconductors (NASDAQ:NXPI) Director Anthony Foxx Sells 400 Shares of Company Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) Director Anthony Foxx sold 400 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total transaction of $105,440.00. Following the transaction, the director directly owned 2,942 shares of the company’s stock, valued at $775,511.20. This trade represents a 11.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

NXP Semiconductors Trading Up 1.6%

Shares of NXPI traded up $3.86 during mid-day trading on Friday, reaching $248.29. The company had a trading volume of 7,155,641 shares, compared to its average volume of 4,473,671. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The firm has a fifty day simple moving average of $236.09 and a 200-day simple moving average of $246.54. The stock has a market cap of $62.58 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 0.87 and a beta of 1.83. The company has a current ratio of 2.12, a quick ratio of 1.47 and a debt-to-equity ratio of 0.80.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, October 28th. The semiconductor provider reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.08. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm posted $3.11 EPS. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, sell-side analysts anticipate that NXP Semiconductors N.V. will post 13.81 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were paid a $1.0140 dividend. This represents a $4.06 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors’s payout ratio is currently 31.92%.

NXP Semiconductors announced that its Board of Directors has initiated a share buyback program on Tuesday, October 27th that permits the company to repurchase $5 billion in outstanding shares. This buyback authorization permits the semiconductor provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have weighed in on NXPI shares. Oppenheimer lifted their price target on shares of NXP Semiconductors from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Mizuho cut their target price on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. Wall Street Zen cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. TD Cowen increased their price target on NXP Semiconductors from $275.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, October 28th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $295.78.

Institutional Investors Weigh In On NXP Semiconductors

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in NXP Semiconductors in the 2nd quarter valued at about $6,716,412,000. Wellington Management Group LLP purchased a new stake in shares of NXP Semiconductors during the second quarter worth about $21,099,000. Bank of America Corp DE acquired a new position in shares of NXP Semiconductors in the second quarter worth about $1,169,846,000. Van ECK Associates Corp acquired a new position in shares of NXP Semiconductors in the second quarter worth about $1,167,458,000. Finally, Jupiter Topco LLC acquired a new position in shares of NXP Semiconductors in the second quarter worth about $742,385,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications.

Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.

The company traces its origins to Philips’ semiconductor business, which became an independent company in 2006.