NXP Semiconductors NV (NASDAQ:NXPI) EVP Stephen Owen sold 1,639 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $118.00, for a total value of $193,402.00. Following the transaction, the executive vice president now directly owns 7,096 shares in the company, valued at approximately $837,328. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NXPI traded up $1.67 during trading on Wednesday, hitting $116.28. The company’s stock had a trading volume of 2,812,399 shares, compared to its average volume of 3,577,181. The firm’s 50 day moving average price is $114.07 and its two-hundred day moving average price is $103.56. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.78. NXP Semiconductors NV has a 12 month low of $67.62 and a 12 month high of $120.84. The stock has a market capitalization of $32.31 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 1.45 and a beta of 1.22.
NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, October 28th. The semiconductor provider reported $2.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.57. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.24 billion. NXP Semiconductors had a return on equity of 23.37% and a net margin of 4.51%. On average, sell-side analysts forecast that NXP Semiconductors NV will post 6.39 earnings per share for the current year.
A number of analysts have issued reports on the company. Raymond James assumed coverage on NXP Semiconductors in a report on Monday, August 19th. They issued an “outperform” rating and a $115.00 target price on the stock. ValuEngine upgraded NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Piper Jaffray Companies set a $120.00 price objective on NXP Semiconductors and gave the stock a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets raised their price objective on NXP Semiconductors to $115.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, Zacks Investment Research upgraded NXP Semiconductors from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $116.71.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXPI. Massachusetts Financial Services Co. MA increased its stake in shares of NXP Semiconductors by 667.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,412,986 shares of the semiconductor provider’s stock valued at $481,545,000 after buying an additional 3,837,685 shares during the period. Boston Partners increased its stake in shares of NXP Semiconductors by 196.1% in the 2nd quarter. Boston Partners now owns 5,020,470 shares of the semiconductor provider’s stock valued at $490,104,000 after buying an additional 3,324,672 shares during the period. Nuveen Asset Management LLC increased its stake in shares of NXP Semiconductors by 581.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,665,036 shares of the semiconductor provider’s stock valued at $260,134,000 after buying an additional 2,273,799 shares during the period. Point72 Asset Management L.P. increased its stake in shares of NXP Semiconductors by 221.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,747,433 shares of the semiconductor provider’s stock valued at $268,177,000 after buying an additional 1,893,827 shares during the period. Finally, PointState Capital LP acquired a new stake in shares of NXP Semiconductors in the 2nd quarter valued at $130,046,000. 89.58% of the stock is owned by institutional investors.
About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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