NXP Semiconductors (NASDAQ:NXPI) EVP Sells $2,745,179.50 in Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) EVP Jennifer Wuamett sold 12,425 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $220.94, for a total value of $2,745,179.50. Following the completion of the sale, the executive vice president owned 11,811 shares in the company, valued at approximately $2,609,522.34. The trade was a 51.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Jennifer Wuamett also recently made the following trade(s):

• On Tuesday, November 4th, Jennifer Wuamett sold 8,372 shares of NXP Semiconductors stock. The shares were sold at an average price of $207.01, for a total value of $1,733,087.72.

NXP Semiconductors Stock Performance

NXPI stock opened at $237.89 on Friday. NXP Semiconductors N.V. has a twelve month low of $148.09 and a twelve month high of $255.45. The firm has a market cap of $59.87 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 3.01 and a beta of 1.46. The business’s fifty day simple moving average is $214.27 and its two-hundred day simple moving average is $220.04. The company has a quick ratio of 1.69, a current ratio of 2.37 and a debt-to-equity ratio of 1.09.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.01). The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.15 billion. NXP Semiconductors had a return on equity of 26.92% and a net margin of 17.11%.The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.45 earnings per share. Analysts predict that NXP Semiconductors N.V. will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 10th were paid a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, December 10th. NXP Semiconductors’s dividend payout ratio is currently 50.25%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPL Wealth Management LLC purchased a new stake in shares of NXP Semiconductors during the 3rd quarter worth $26,000. CNB Bank bought a new position in NXP Semiconductors in the third quarter worth about $28,000. Wexford Capital LP purchased a new stake in shares of NXP Semiconductors during the third quarter valued at about $31,000. Kelleher Financial Advisors purchased a new stake in shares of NXP Semiconductors during the third quarter valued at about $31,000. Finally, Brown Lisle Cummings Inc. boosted its holdings in shares of 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. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NXPI. Truist Financial boosted their price target on NXP Semiconductors from $254.00 to $265.00 and gave the company a “buy” rating in a report on Friday, December 19th. Stifel Nicolaus set a $215.00 price objective on NXP Semiconductors in a report on Tuesday, October 28th. TD Cowen lowered their target price on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating for the company in a report on Friday, October 10th. Cantor Fitzgerald reissued an “overweight” rating and set a $280.00 price target on shares of NXP Semiconductors in a research report on Tuesday, October 28th. Finally, Sanford C. Bernstein set a $220.00 price target on NXP Semiconductors and gave the company a “market perform” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.62.

NXP Semiconductors Company Profile

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.