Keith M. Shull Sells 4,569 Shares of NXP Semiconductors NV (NASDAQ:NXPI) Stock

NXP Semiconductors NV (NASDAQ:NXPI) EVP Keith M. Shull sold 4,569 shares of NXP Semiconductors stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $105.53, for a total transaction of $482,166.57. Following the transaction, the executive vice president now owns 13,783 shares in the company, valued at $1,454,519.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

NXP Semiconductors stock traded down $0.19 on Friday, reaching $105.81. 1,033,835 shares of the stock were exchanged, compared to its average volume of 3,792,281. The stock has a market cap of $33.48 billion, a PE ratio of 17.81, a PEG ratio of 1.29 and a beta of 1.24. The company has a current ratio of 1.82, a quick ratio of 1.44 and a debt-to-equity ratio of 0.79. NXP Semiconductors NV has a twelve month low of $67.62 and a twelve month high of $108.51. The firm has a fifty day moving average price of $101.21 and a two-hundred day moving average price of $97.01.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Tuesday, July 30th. The semiconductor provider reported $2.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.52. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.20 billion. NXP Semiconductors had a net margin of 23.10% and a return on equity of 22.22%. Equities analysts anticipate that NXP Semiconductors NV will post 6.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be given a dividend of $0.375 per share. This is a positive change from NXP Semiconductors’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.42%. NXP Semiconductors’s payout ratio is currently 16.84%.

A number of institutional investors have recently added to or reduced their stakes in the business. Boston Partners lifted its position in NXP Semiconductors by 196.1% during the 2nd quarter. Boston Partners now owns 5,020,470 shares of the semiconductor provider’s stock worth $490,104,000 after acquiring an additional 3,324,672 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of NXP Semiconductors by 14.8% during the 1st quarter. Pictet Asset Management Ltd. now owns 3,101,888 shares of the semiconductor provider’s stock worth $274,176,000 after purchasing an additional 400,506 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of NXP Semiconductors by 221.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,747,433 shares of the semiconductor provider’s stock worth $268,177,000 after purchasing an additional 1,893,827 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of NXP Semiconductors by 581.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,665,036 shares of the semiconductor provider’s stock worth $260,134,000 after purchasing an additional 2,273,799 shares during the period. Finally, FIL Ltd increased its holdings in shares of NXP Semiconductors by 0.8% during the 1st quarter. FIL Ltd now owns 2,052,978 shares of the semiconductor provider’s stock worth $181,462,000 after purchasing an additional 15,872 shares during the period. 75.85% of the stock is owned by hedge funds and other institutional investors.

NXPI has been the topic of several research analyst reports. Loop Capital initiated coverage on shares of NXP Semiconductors in a research report on Wednesday, August 28th. They set a “buy” rating and a $118.00 price objective on the stock. Evercore ISI upgraded shares of NXP Semiconductors from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $110.00 to $125.00 in a report on Monday, July 29th. BidaskClub cut shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Raymond James began coverage on shares of NXP Semiconductors in a report on Monday, August 19th. They set an “outperform” rating and a $115.00 price target on the stock. Finally, Zacks Investment Research cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. NXP Semiconductors currently has an average rating of “Buy” and an average price target of $105.40.

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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