NXP Semiconductors EVP Wuamett sells $2.1 million in stock

Published 03/07/2025, 23:22
NXP Semiconductors EVP Wuamett sells $2.1 million in stock

Jennifer Wuamett, Executive Vice President and General Counsel at NXP Semiconductors N.V. (NASDAQ:NXPI), a prominent player in the Semiconductors industry with a market capitalization of $58.6 billion, sold 9,132 shares of common stock on July 2, 2025, according to a recent SEC Form 4 filing. The shares were sold at $230.0 per share, totaling $2,100,360. The transaction comes as the stock shows strong momentum, gaining over 6% in the past week. According to InvestingPro analysis, NXPI is currently trading near its Fair Value.

Following the transaction, Wuamett directly owns 27,088 shares of NXP Semiconductors N.V. The sale was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on June 6, 2024. For deeper insights into insider trading patterns and 12 additional key insights about NXPI, including analyst forecasts and financial health metrics, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, NXP Semiconductors has completed its acquisition of TTTech Auto, enhancing its capabilities in software-defined vehicles. This acquisition aims to integrate NXP’s CoreRide platform with TTTech Auto’s MotionWise safety middleware, potentially benefiting automakers by simplifying development and increasing scalability. Additionally, NXP Semiconductors announced a cash dividend of $1.014 per share for the second quarter of 2025, reflecting its strong capital structure and commitment to long-term growth. UBS has raised its price target for NXP to $276, maintaining a Buy rating, based on expectations of strong future earnings and a positive outlook for the semiconductor industry. Conversely, Bernstein has lowered its price target to $200, citing concerns over NXP’s exposure to the automotive sector and potential tariff impacts. Cantor Fitzgerald continues to hold an Overweight rating with a $250 price target, highlighting NXP’s potential for margin expansion. These developments underscore the dynamic environment in which NXP Semiconductors operates, with analysts offering varied perspectives on its future performance.

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