EINDHOVEN— NXP Semiconductors N.V. (NASDAQ:NXPI) Executive Vice President and Chief Operating Officer Andrew Micallef recently sold 1,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $204.86 each, resulting in a total transaction value of $204,860. According to InvestingPro data, the stock is currently trading near its 52-week low of $198.21, with a market capitalization of $52.55 billion.
Following this sale, Micallef retains ownership of 8,828 shares in the company. The transaction was executed automatically under a Rule 10b5-1 trading plan that Micallef had adopted on August 7, 2024, indicating it was pre-arranged and not influenced by any non-public information. InvestingPro analysis shows the company maintains strong financial health with a GOOD overall score, supported by a healthy current ratio of 2.36.
This sale is part of routine financial planning for executives, allowing them to manage their personal portfolios while adhering to regulatory guidelines. NXP Semiconductors, headquartered in Eindhoven, Netherlands, is a global leader in semiconductor manufacturing, focusing on products for automotive, industrial, and communication infrastructure sectors, generating annual revenue of $12.61 billion. For deeper insights into NXPI’s financial health and valuation metrics, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, NXP Semiconductors announced an interim dividend of $1.014 per share, set for distribution on April 9, 2025, reflecting the company’s robust financial position and confidence in long-term growth. The company reported a revenue of $12.61 billion in 2024, underscoring its significant role in the semiconductor industry. Additionally, NXP has acquired Kinara, Inc. for $307 million, aiming to enhance its processing portfolio with Kinara’s AI software and neural processing units, pending regulatory approvals. Analyst activity has been notable, with Citi upgrading NXP’s stock rating from Neutral to Buy, increasing the target price to $290 due to positive signals in the analog semiconductor market. Mizuho Securities also raised its price target to $255, maintaining an Outperform rating, citing potential recovery in the industrial sector and strategic consolidations by NXP. Truist Securities followed suit, lifting its price target to $258, while continuing to endorse a Buy rating, reflecting confidence in NXP’s joint venture investments. These developments highlight NXP’s strategic moves and the positive sentiment among analysts regarding its future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.