NXP Semiconductors (NASDAQ:NXPI) Director Sells $105,440.00 in Stock

NXP Semiconductors N.V. (NASDAQ:NXPI) Director Anthony Foxx sold 400 shares of NXP Semiconductors stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $263.60, for a total transaction of $105,440.00. Following the sale, the director directly owned 2,942 shares of the company’s stock, valued at $775,511.20. This represents a 11.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $248.29 on Monday. The firm has a market capitalization of $62.58 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.12. NXP Semiconductors N.V. has a 52-week low of $183.00 and a 52-week high of $339.95. The firm has a fifty day moving average of $236.09 and a 200 day moving average of $246.54.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, October 28th. The semiconductor provider reported $4.20 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $0.08. NXP Semiconductors had a return on equity of 28.57% and a net margin of 23.40%. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted $3.11 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts anticipate that NXP Semiconductors N.V. will post 13.81 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 16th were given a dividend of $1.0140 per share. The ex-dividend date was Wednesday, September 16th. This represents a $4.06 annualized dividend and a dividend yield of 1.6%. NXP Semiconductors’s dividend payout ratio is 31.92%.

NXP Semiconductors declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 27th that permits the company to buy back $5 billion in shares. This buyback authorization permits the semiconductor provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Diversified Trust Co bought a new position in NXP Semiconductors in the 3rd quarter worth $607,000. BankPlus Trust Department purchased a new stake in NXP Semiconductors in the 3rd quarter worth $1,044,000. Aberdeen Group plc purchased a new stake in NXP Semiconductors in the 3rd quarter worth $616,461,000. Moors & Cabot Inc. bought a new stake in NXP Semiconductors during the third quarter valued at about $282,000. Finally, ICICI Prudential Asset Management Co Ltd bought a new stake in NXP Semiconductors during the third quarter valued at about $6,604,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NXPI. JPMorgan Chase & Co. boosted their target price on NXP Semiconductors from $295.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Stifel Nicolaus cut their target price on NXP Semiconductors from $265.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, October 28th. UBS Group cut shares of NXP Semiconductors from a “buy” rating to a “neutral” rating and reduced their price target for the company from $305.00 to $270.00 in a research report on Monday, August 3rd. Mizuho decreased their price target on shares of NXP Semiconductors from $200.00 to $190.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of NXP Semiconductors in a research note on Wednesday, October 28th. Sixteen equities 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $295.78.

About NXP Semiconductors

NXP Semiconductors is a global semiconductor company headquartered in Eindhoven, the Netherlands. It develops and supplies chips and related technologies for automotive, industrial and Internet of Things, mobile, and communications infrastructure applications.

Its products include microcontrollers and processors, analog and mixed-signal components, connectivity solutions, and security technologies. In the automotive sector, NXP supplies technologies used in vehicle networking, radar, and safety systems; its other offerings support applications such as secure identification and near-field communication.

The company traces its origins to Philips’ semiconductor business, which became an independent company in 2006.