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

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

NXP Semiconductors Price Performance

Shares of NXPI opened at $202.64 on Friday. The firm has a market cap of $51.39 billion, a PE ratio of 20.83, a P/E/G 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. The firm has a fifty day simple moving average of $215.58 and a two-hundred day simple moving average of $223.45. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08.

NXP Semiconductors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 19th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Wednesday, March 19th. NXP Semiconductors’s payout ratio is 41.62%.

Institutional Investors Weigh In On NXP Semiconductors

A number of hedge funds have recently modified their holdings of the business. FMR LLC grew its position in shares of NXP Semiconductors by 0.3% during the 4th quarter. FMR LLC now owns 25,084,729 shares of the semiconductor provider’s stock valued at $5,213,861,000 after acquiring an additional 86,716 shares during the period. Vanguard Group Inc. grew its position in shares of NXP Semiconductors by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,322,338 shares of the semiconductor provider’s stock valued at $2,769,048,000 after acquiring an additional 99,667 shares during the period. State Street Corp grew its position in shares of NXP Semiconductors by 1.3% during the 3rd quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after acquiring an additional 139,641 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of NXP Semiconductors by 1.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,046,230 shares of the semiconductor provider’s stock valued at $1,672,409,000 after acquiring an additional 144,391 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of NXP Semiconductors by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 5,242,415 shares of the semiconductor provider’s stock valued at $1,088,094,000 after acquiring an additional 96,483 shares during the period. Institutional investors own 90.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NXPI shares. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Susquehanna lowered their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $250.00 target price on shares of NXP Semiconductors in a report on Tuesday, February 4th. Needham & Company LLC decreased their price objective on shares of NXP Semiconductors from $250.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.