NXP Semiconductors (NASDAQ:NXPI) EVP Christopher Jensen Sells 3,355 Shares of Stock

Key Points

• Insider sale: EVP Christopher Jensen sold 3,355 NXP Semiconductors shares for approximately $805,200 at $240 each under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by 92.09%, leaving him with 288 shares.
• Solid quarterly results: NXP reported quarterly EPS of $3.61, exceeding estimates of $3.52, while revenue reached $3.50 billion and grew 19.5% year over year.
• Market outlook: Analysts hold a consensus “Moderate Buy” rating with an average price target of $304.91, while NXP recently announced a quarterly dividend of $1.014 per share, equivalent to a 1.7% yield.

NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) EVP Christopher Jensen sold 3,355 shares of NXP Semiconductors stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the transaction, the executive vice president owned 288 shares of the company's stock, valued at $69,120. The trade was a 92.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $243.66 on Monday. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock's fifty day moving average price is $231.82 and its 200-day moving average price is $253.77. The stock has a market cap of $61.44 billion, a P/E ratio of 20.79, a P/E/G ratio of 0.83 and a beta of 1.80.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.09. The firm had revenue of $3.50 billion during 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%.NXP Semiconductors's quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.72 EPS. As a group, equities analysts forecast that NXP Semiconductors N.V. will post 13.73 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 16th will be issued a $1.0140 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.06 annualized dividend and a yield of 1.7%. NXP Semiconductors's payout ratio is 34.64%.

Wall Street Analyst Weigh In

NXPI has been the topic of a number of recent analyst reports. Bank of America reiterated a "neutral" rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Oppenheimer lifted their target price on NXP Semiconductors from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Mizuho lowered their price target on NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating on the stock in a report on Wednesday, July 29th. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price objective on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, Citigroup restated a "neutral" rating on shares of NXP Semiconductors in a research note on Monday, July 13th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $304.91.

Institutional Trading of NXP Semiconductors

Several large investors have recently added to or reduced their stakes in the business. MCF Advisors LLC raised its stake in NXP Semiconductors by 25.3% during the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider's stock valued at $46,000 after purchasing an additional 43 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of NXP Semiconductors by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock worth $454,000 after acquiring an additional 45 shares in the last quarter. CNB Bank raised its holdings in shares of NXP Semiconductors by 48.8% during the 4th quarter. CNB Bank now owns 180 shares of the semiconductor provider's stock worth $39,000 after acquiring an additional 59 shares in the last quarter. Ballast Advisors LLC grew its holdings in shares of NXP Semiconductors by 0.7% in the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider's stock valued at $1,787,000 after purchasing an additional 61 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in NXP Semiconductors by 6.1% in the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider's stock worth $236,000 after purchasing an additional 69 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

About NXP Semiconductors

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and supplies secure connectivity and processing solutions for automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and processing chips, analog and power-management devices, radio-frequency and wireless connectivity products, sensors, and embedded security solutions.

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