NXP Semiconductors (NASDAQ:NXPI) Insider Julie Southern Acquires 225 Shares

NXP Semiconductors N.V. (NASDAQ:NXPI) insider Julie Southern acquired 225 shares of NXP Semiconductors stock in a transaction on Wednesday, December 3rd. The shares were purchased at an average cost of $225.48 per share, for a total transaction of $50,733.00. Following the acquisition, the insider owned 11,937 shares in the company, valued at approximately $2,691,554.76. This represents a 1.92% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NXP Semiconductors Stock Up 0.8%

NASDAQ NXPI opened at $227.95 on Friday. The stock has a market capitalization of $57.37 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 3.36 and a beta of 1.46. NXP Semiconductors N.V. has a 52 week low of $148.09 and a 52 week high of $255.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.37. The stock has a fifty day moving average of $210.54 and a 200-day moving average of $216.43.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Tuesday, October 28th. The semiconductor provider reported $3.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.01). The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.15 billion. NXP Semiconductors had a net margin of 17.11% and a return on equity of 26.92%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $3.45 EPS. On average, equities research analysts forecast that NXP Semiconductors N.V. will post 10.28 EPS for the current year.

NXP Semiconductors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.014 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.06 annualized dividend and a dividend yield of 1.8%. NXP Semiconductors’s payout ratio is currently 50.25%.

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in NXP Semiconductors during the second quarter worth about $453,050,000. Wellington Management Group LLP raised its position in shares of NXP Semiconductors by 11.9% during the third quarter. Wellington Management Group LLP now owns 12,583,718 shares of the semiconductor provider’s stock worth $2,865,690,000 after purchasing an additional 1,333,920 shares during the period. Nuveen LLC bought a new position in shares of NXP Semiconductors during the 1st quarter valued at about $219,878,000. SG Americas Securities LLC grew its position in shares of NXP Semiconductors by 307.7% in the 3rd quarter. SG Americas Securities LLC now owns 1,179,129 shares of the semiconductor provider’s stock valued at $268,523,000 after purchasing an additional 889,883 shares during the period. Finally, Boston Partners increased its stake in NXP Semiconductors by 73.6% during the 2nd quarter. Boston Partners now owns 2,086,769 shares of the semiconductor provider’s stock worth $454,862,000 after purchasing an additional 884,403 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NXPI. JPMorgan Chase & Co. boosted their price target on shares of NXP Semiconductors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $280.00 target price on shares of NXP Semiconductors in a research report on Tuesday, October 28th. TD Cowen cut their price target on NXP Semiconductors from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NXP Semiconductors in a research note on Wednesday, October 8th. Finally, Truist Financial upped their price objective on NXP Semiconductors from $252.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.47.

NXP Semiconductors Company Profile

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.