Christopher Jensen Sells 1,746 Shares of NXP Semiconductors (NASDAQ:NXPI) Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) EVP Christopher Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction on Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president owned 3,643 shares in the company, valued at approximately $1,153,118.79. The trade was a 32.40% decrease in their position. The sale was disclosed in a legal filing 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 Price Performance

NXP Semiconductors stock opened at $322.22 on Friday. The stock has a fifty day moving average of $258.24 and a 200-day moving average of $233.98. The stock has a market capitalization of $81.35 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 1.16 and a beta of 1.77. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 2.24. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95.

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

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Wednesday, March 25th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $4.06 annualized dividend and a yield of 1.3%. NXP Semiconductors’s dividend payout ratio is presently 38.85%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley upped their price target on shares of NXP Semiconductors from $299.00 to $335.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. TD Cowen boosted their price objective on NXP Semiconductors from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Stifel Nicolaus upped their target price on NXP Semiconductors from $215.00 to $250.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Mizuho lifted their price target on NXP Semiconductors from $188.00 to $200.00 and gave the company an “underperform” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings upgraded NXP Semiconductors from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $294.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NXPI. Vanguard Group Inc. raised its position in shares of NXP Semiconductors by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 13,612,546 shares of the semiconductor provider’s stock worth $2,954,739,000 after acquiring an additional 293,558 shares during the last quarter. Wellington Management Group LLP boosted its holdings 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 valued at $2,865,690,000 after acquiring an additional 1,333,920 shares during the last quarter. State Street Corp increased its position in NXP Semiconductors by 0.5% during the 4th quarter. State Street Corp now owns 11,043,159 shares of the semiconductor provider’s stock valued at $2,407,382,000 after purchasing an additional 55,098 shares during the period. Massachusetts Financial Services Co. MA increased its position in NXP Semiconductors by 1.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,849,741 shares of the semiconductor provider’s stock valued at $1,703,865,000 after purchasing an additional 121,419 shares during the period. Finally, Invesco Ltd. raised its holdings in NXP Semiconductors by 17.2% during the 4th quarter. Invesco Ltd. now owns 5,574,672 shares of the semiconductor provider’s stock worth $1,210,038,000 after purchasing an additional 818,985 shares during the last quarter. 90.54% of the stock is owned by institutional investors.

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.