NXP Semiconductors (NASDAQ:NXPI - Get Free Report) COO Andrew Micallef sold 1,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now directly owns 8,828 shares of the company's stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NXP Semiconductors Stock Down 1.3 %
NXPI opened at $207.10 on Wednesday. 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 has a 12 month low of $198.21 and a 12 month high of $296.08. The stock's 50 day moving average price is $215.77 and its 200 day moving average price is $223.71. The stock has a market cap of $52.52 billion, a P/E ratio of 21.28, a P/E/G ratio of 3.01 and a beta of 1.47.
NXP Semiconductors Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be paid a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, March 19th. NXP Semiconductors's dividend 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. Norges Bank bought a new stake in shares of NXP Semiconductors during the 4th quarter worth about $672,224,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NXP Semiconductors by 387.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,294,340 shares of the semiconductor provider's stock worth $550,665,000 after purchasing an additional 1,823,650 shares in the last quarter. Van ECK Associates Corp lifted its position in NXP Semiconductors by 27.1% in the fourth quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider's stock worth $803,432,000 after purchasing an additional 824,317 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in NXP Semiconductors by 337.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 939,924 shares of the semiconductor provider's stock valued at $225,591,000 after purchasing an additional 724,951 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in shares of NXP Semiconductors by 131.4% during the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock valued at $213,154,000 after purchasing an additional 582,317 shares during the period. Institutional investors own 90.54% of the company's stock.
Analyst Ratings Changes
NXPI has been the subject of a number of research reports. Barclays decreased their price target on NXP Semiconductors from $280.00 to $230.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Wells Fargo & Company began coverage on NXP Semiconductors in a research report on Friday, November 22nd. They set an "overweight" rating and a $250.00 price target on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price objective on shares of NXP Semiconductors in a report on Tuesday, February 4th. Finally, Needham & Company LLC lowered their target price on shares of NXP Semiconductors from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors has a consensus rating of "Moderate Buy" and an average target price of $267.00.
Read Our Latest Analysis on NXP Semiconductors
About NXP Semiconductors
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
