Andrew Micallef Sells 1,000 Shares of NXP Semiconductors (NASDAQ:NXPI) Stock

NXP Semiconductors (NASDAQ:NXPI) COO Andrew Micallef sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares in the company, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $207.38 on Thursday. The firm’s 50 day moving average is $215.72 and its two-hundred day moving average is $223.59. The firm has a market capitalization of $52.60 billion, a P/E ratio of 21.31, a PEG ratio of 3.01 and a beta of 1.47. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.96%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio is currently 41.62%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NXPI. HITE Hedge Asset Management LLC bought a new stake in shares of NXP Semiconductors during the third quarter valued at about $13,445,000. Merit Financial Group LLC acquired a new position in NXP Semiconductors during the 4th quarter valued at about $360,000. Strategic Financial Concepts LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter worth about $46,000. Banque Cantonale Vaudoise boosted its holdings in shares of NXP Semiconductors by 60.2% in the third quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after acquiring an additional 9,710 shares in the last quarter. Finally, Austin Private Wealth LLC increased its stake in shares of NXP Semiconductors by 140.6% during the fourth quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after acquiring an additional 1,869 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NXPI. Truist Financial upped their price target on shares of NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Needham & Company LLC cut their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Stifel Nicolaus cut their price objective on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $210.00 to $290.00 in a research report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $267.00.

About NXP Semiconductors

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.