NXP Semiconductors N.V. (NASDAQ:NXPI) CFO Sells $1,542,501.90 in Stock

Key Points

• NXP Semiconductors CFO William Betz sold 6,785 shares of company stock for $1,542,501.90, resulting in an 81.70% decrease in his position, now owning only 1,520 shares worth approximately $345,556.80.
• The company's stock is currently trading at $226.74, having a market capitalization of $57.28 billion and a past year trading range between $148.09 and $264.54.
• NXP Semiconductors recently announced a quarterly dividend of $1.014 per share with a yield of 1.79%, while maintaining a dividend payout ratio of 48.39%.

NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) CFO William Betz sold 6,785 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $227.34, for a total transaction of $1,542,501.90. Following the completion of the transaction, the chief financial officer directly owned 1,520 shares in the company, valued at $345,556.80. This represents a 81.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $2.61 during trading on Friday, hitting $211.16. 689,709 shares of the company traded hands, compared to its average volume of 3,021,579. The stock has a market capitalization of $53.24 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.49 and a beta of 1.40. The business's fifty day moving average is $216.49 and its 200-day moving average is $206.91. NXP Semiconductors N.V. has a one year low of $148.09 and a one year high of $259.74. The company has a quick ratio of 1.20, a current ratio of 1.74 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The semiconductor provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.06. NXP Semiconductors had a return on equity of 27.99% and a net margin of 17.72%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the company posted $3.20 EPS. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were paid a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.9%. NXP Semiconductors's dividend payout ratio is 48.39%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Susquehanna lifted their target price on NXP Semiconductors from $195.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Citigroup lifted their target price on NXP Semiconductors from $210.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Needham & Company LLC lifted their target price on NXP Semiconductors from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Barclays boosted their price target on NXP Semiconductors from $190.00 to $220.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd. Finally, KeyCorp upped their target price on NXP Semiconductors from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, NXP Semiconductors currently has a consensus rating of "Moderate Buy" and an average target price of $256.05.

Hedge Funds Weigh In On NXP Semiconductors

Hedge funds have recently bought and sold shares of the business. Hemington Wealth Management boosted its holdings in NXP Semiconductors by 50.0% during the first quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after acquiring an additional 59 shares during the period. Brown Lisle Cummings Inc. boosted its stake in NXP Semiconductors by 121.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 153 shares of the semiconductor provider's stock valued at $33,000 after buying an additional 84 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of NXP Semiconductors by 118.9% in the first quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after acquiring an additional 126 shares during the last quarter. Ameriflex Group Inc. bought a new position in NXP Semiconductors in the fourth quarter valued at approximately $44,000. Finally, Hilltop National Bank bought a new position in shares of NXP Semiconductors during the second quarter worth $44,000. 90.54% of the stock is owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.