NXP Semiconductors Target of Unusually Large Options Trading (NASDAQ:NXPI)

Key Points

• Unusually high options activity: Traders purchased 16,013 NXP Semiconductors call options, 253% above the average daily volume of 4,533 contracts.
• Stock performance and fundamentals: NXPI shares fell 0.3% to $223.23, despite the company beating quarterly earnings and revenue estimates, with year-over-year revenue growth of 19.5%.
• Analyst outlook remains positive overall: Sixteen analysts rate the stock a Buy, nine rate it a Hold, and one rates it a Sell; the consensus rating is “Moderate Buy,” with an average price target of $305.65.

NXP Semiconductors N.V. (NASDAQ:NXPI - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 16,013 call options on the stock. This is an increase of 253% compared to the average daily volume of 4,533 call options.

NXP Semiconductors Stock Down 0.3%

Shares of NXPI traded down $0.64 during midday trading on Wednesday, reaching $223.23. The stock had a trading volume of 2,076,688 shares, compared to its average volume of 3,546,568. The company has a market cap of $56.29 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 0.77 and a beta of 1.81. The company's fifty day simple moving average is $248.05 and its two-hundred day simple moving average is $251.64. NXP Semiconductors has a 1-year low of $183.00 and a 1-year high of $339.95. 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 (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. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the prior year, the firm posted $2.72 earnings per share. The firm's revenue was up 19.5% on a year-over-year basis. Equities research analysts expect that NXP Semiconductors will post 13.73 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 16th will be given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, September 16th. NXP Semiconductors's dividend payout ratio (DPR) is 34.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NXPI. Cantor Fitzgerald restated an "overweight" rating on shares of NXP Semiconductors in a research report on Tuesday. Mizuho cut their price target on shares of NXP Semiconductors from $200.00 to $190.00 and set an "underperform" rating for the company in a report on Wednesday, July 29th. Stifel Nicolaus set a $282.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Bank of America reaffirmed a "neutral" rating on shares of NXP Semiconductors in a report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of NXP Semiconductors from a "hold" rating to a "buy" rating in a research note on Sunday. Sixteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of "Moderate Buy" and an average price target of $305.65.

Insider Activity

In other NXP Semiconductors news, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, June 15th. The shares were sold at an average price of $315.57, for a total value of $315,570.00. Following the completion of the transaction, the executive vice president owned 8,942 shares of the company's stock, valued at approximately $2,821,826.94. The trade was a 10.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is currently owned by corporate insiders.

Institutional Trading of NXP Semiconductors

Several hedge funds and other institutional investors have recently made changes to their positions in NXPI. JPL Wealth Management LLC acquired a new stake in NXP Semiconductors in the third quarter valued at about $26,000. SHP Wealth Management acquired a new position in NXP Semiconductors during the 4th quarter worth approximately $27,000. Allied Private Wealth LLC purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $28,000. Fiduciary Financial Advisors purchased a new position in shares of NXP Semiconductors during the 2nd quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.54% of the company's stock.

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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