NXP Semiconductors Sees Unusually Large Options Volume (NASDAQ:NXPI)

Key Points

• NXP Semiconductors saw unusually high options activity, with investors purchasing 12,162 call options—176% above the typical daily volume of 4,403.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $305.43. Recent targets range from $320 to $345, while Bank of America maintained a neutral view.
• NXPI shares edged up 0.2% to $232.31 after the company exceeded quarterly earnings and revenue expectations, reporting $3.61 in EPS and $3.50 billion in revenue, up 19.5% year over year.

NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) was the recipient of some unusual options trading activity on Friday. Stock investors bought 12,162 call options on the company. This is an increase of 176% compared to the typical daily volume of 4,403 call options.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NXPI. Bank of America reiterated a "neutral" rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. KeyCorp raised their price objective on NXP Semiconductors from $300.00 to $345.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Evercore upped their price target on NXP Semiconductors from $260.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a research note on Wednesday, April 29th. Finally, Morgan Stanley boosted their price objective on shares of NXP Semiconductors from $335.00 to $338.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $305.43.

Insider Buying and Selling

In other news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the transaction, the executive vice president directly owned 3,643 shares of the company's stock, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the sale, the executive vice president owned 8,942 shares in the company, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NXP Semiconductors

Large investors have recently bought and sold shares of the company. Allied Private Wealth LLC acquired a new position in shares of NXP Semiconductors in the second quarter worth approximately $28,000. Bell Investment Advisors Inc bought a new stake in shares of NXP Semiconductors during the second quarter worth about $29,000. Fiduciary Financial Advisors purchased a new position in shares of NXP Semiconductors during the second quarter valued at approximately $28,000. JPL Wealth Management LLC purchased a new position in NXP Semiconductors during the third quarter worth about $26,000. Finally, SHP Wealth Management bought a new position in NXP Semiconductors in the 4th quarter valued at $27,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Trading Up 0.2%

Shares of NXPI stock traded up $0.40 during trading hours on Friday, reaching $232.31. The company had a trading volume of 495,844 shares, compared to its average volume of 3,595,317. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.04 and a quick ratio of 1.36. NXP Semiconductors has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a 50 day moving average of $274.29 and a 200 day moving average of $252.65. The firm has a market cap of $58.58 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 0.79 and a beta of 1.81.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $0.09. The firm had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%.The company's revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.72 EPS. On average, equities research analysts anticipate that NXP Semiconductors will post 13.73 EPS for the current year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Wednesday, June 24th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $4.06 annualized dividend and a yield of 1.7%. NXP Semiconductors's payout ratio is currently 34.64%.

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.

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