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

NXP Semiconductors (NASDAQ:NXPI) COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NXP Semiconductors Trading Down 1.3 %

NASDAQ:NXPI opened at $207.10 on Wednesday. The business’s 50-day moving average is $215.77 and its two-hundred day moving average is $223.71. The firm has a market capitalization of $52.52 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 3.01 and a beta of 1.47. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60.

NXP Semiconductors Dividend Announcement

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

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors and hedge funds have recently bought and sold shares of NXPI. ORG Wealth Partners LLC lifted its position in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 88 shares in the last quarter. Smithfield Trust Co purchased a new position in NXP Semiconductors in the 4th quarter valued at about $32,000. Runnymede Capital Advisors Inc. purchased a new position in NXP Semiconductors in the 4th quarter valued at about $32,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of NXP Semiconductors during the third quarter valued at about $33,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

NXPI has been the subject of a number of analyst reports. Mizuho boosted their price objective on shares of NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Wells Fargo & Company assumed coverage on NXP Semiconductors in a research note on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target on the stock. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Barclays reduced their target price on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Susquehanna lowered their price target on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.