Insider Selling: NXP Semiconductors (NASDAQ:NXPI) EVP Sells $437,843.07 in Stock

Key Points

• NXP EVP Andrew Hardy sold 1,643 shares for about $437,843, reducing his stake by 28.79%; the sale was made under a pre-arranged Rule 10b5-1 plan.
• NXP reported quarterly EPS of $4.20 and revenue of $3.79 billion, beating analyst estimates; revenue rose 19.3% year over year.
• The company authorized a $5 billion share buyback and pays an annualized dividend of $4.06 per share, a yield of about 1.5%.

NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) EVP Andrew Hardy sold 1,643 shares of NXP Semiconductors stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $266.49, for a total transaction of $437,843.07. Following the completion of the transaction, the executive vice president owned 4,064 shares of the company's stock, valued at $1,083,015.36. This trade represents a 28.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Stock Down 0.8%

Shares of NXPI opened at $267.29 on Friday. The company has a market capitalization of $67.37 billion, a P/E ratio of 21.01, a PEG ratio of 0.91 and a beta of 1.83. NXP Semiconductors N.V. has a one year low of $183.00 and a one year high of $339.95. The business's 50 day simple moving average is $239.21 and its 200-day simple moving average is $247.15. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.12 and a quick ratio of 1.47.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share for the quarter, beating 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 firm had revenue of $3.79 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same period last year, the firm posted $3.11 EPS. The business's revenue was up 19.3% on a year-over-year basis. As a group, sell-side analysts predict that NXP Semiconductors N.V. will post 13.81 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were given a dividend of $1.0140 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.5%. NXP Semiconductors's dividend payout ratio is 31.92%.

NXP Semiconductors declared that its Board of Directors has initiated a stock buyback program on Tuesday, October 27th that authorizes the company to buy back $5 billion in outstanding shares. This buyback authorization authorizes the semiconductor provider to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Institutional Trading of NXP Semiconductors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NXPI. Xcelsior Advisor Partners LLC bought a new stake in NXP Semiconductors during the 3rd quarter worth about $461,000. Bleakley Financial Group LLC bought a new position in shares of NXP Semiconductors in the 3rd quarter valued at about $4,080,000. One Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $416,000. Polymer Capital Management US LLC acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $690,000. Finally, Smith Moore & CO. acquired a new stake in shares of NXP Semiconductors in the third quarter valued at about $481,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on NXPI. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 price objective on shares of NXP Semiconductors in a research report on Monday, October 26th. Citigroup reduced their target price on shares of NXP Semiconductors from $260.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 28th. Morgan Stanley decreased their price target on shares of NXP Semiconductors from $338.00 to $313.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 28th. UBS Group lowered shares of NXP Semiconductors from a "buy" rating to a "neutral" rating and lowered their price target for the company from $305.00 to $270.00 in a report on Monday, August 3rd. Finally, Jefferies Financial Group dropped their price objective on shares of NXP Semiconductors from $370.00 to $350.00 and set a "buy" rating for the company in a research report on Wednesday, October 28th. Sixteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $295.78.

About NXP Semiconductors

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.

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