Andrew Micallef Sells 1,000 Shares of NXP Semiconductors (NASDAQ:NXPI) Stock

Key Points

• Executive insider sale: EVP Andrew Micallef sold 1,000 NXP Semiconductors shares for approximately $226,040 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 11.18% to 7,942 shares.
• Financial and dividend update: NXP exceeded quarterly earnings and revenue estimates, reporting $3.61 in EPS and $3.50 billion in revenue, while quarterly revenue grew 19.5% year over year. The company also declared a $1.014 quarterly dividend, yielding about 1.9% annually.
• Analyst sentiment remains favorable: The stock carries a “Moderate Buy” consensus rating from analysts, with an average price target of $305.65; institutional investors and hedge funds own approximately 90.54% of the shares.

NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $226.04, for a total value of $226,040.00. Following the completion of the sale, the executive vice president owned 7,942 shares of the company's stock, valued at $1,795,209.68. This trade represents a 11.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Trading Down 3.3%

Shares of NXP Semiconductors stock opened at $218.98 on Thursday. NXP Semiconductors N.V. has a fifty-two week low of $183.00 and a fifty-two week high of $339.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 2.04. The firm has a market capitalization of $55.22 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 0.77 and a beta of 1.81. The stock has a 50 day moving average of $241.90 and a 200 day moving average of $251.35.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.72 EPS. As a group, research analysts predict that NXP Semiconductors N.V. will post 13.73 earnings per share for the current year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th will be paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 16th. NXP Semiconductors's payout ratio is 34.64%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NXPI. Oppenheimer increased their price objective on shares of NXP Semiconductors from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Weiss Ratings restated a "hold (c+)" rating on shares of NXP Semiconductors in a research note on Friday, July 31st. Mizuho lowered their price target on NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating for the company in a research report on Wednesday, July 29th. UBS Group reaffirmed a "neutral" rating and issued a $270.00 price objective (down from $305.00) on shares of NXP Semiconductors in a research note on Monday, August 3rd. Finally, Stifel Nicolaus set a $282.00 target price on NXP Semiconductors in a research note on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating, nine 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 a consensus price target of $305.65.

Institutional Investors Weigh In On NXP Semiconductors

A number of hedge funds have recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new position in shares of NXP Semiconductors in the second quarter worth $59,000. Integrated Wealth Concepts LLC boosted its holdings in NXP Semiconductors by 40.4% in the second quarter. Integrated Wealth Concepts LLC now owns 12,051 shares of the semiconductor provider's stock valued at $3,387,000 after purchasing an additional 3,466 shares during the period. Parkside Financial Bank & Trust grew its stake in NXP Semiconductors by 37.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 682 shares of the semiconductor provider's stock worth $192,000 after purchasing an additional 186 shares in the last quarter. Corient Private Wealth LP purchased a new stake in NXP Semiconductors during the 2nd quarter worth about $97,000. Finally, Amundi purchased a new stake in NXP Semiconductors during the 2nd quarter worth about $513,420,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. NASDAQ: NXPI is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.

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