NXP Semiconductors (NASDAQ:NXPI) Short Interest Update

NXP Semiconductors (NASDAQ:NXPI) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 8,570,000 shares, a decline of 16.5% from the February 28th total of 10,260,000 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily volume of 2,810,000 shares, the days-to-cover ratio is currently 3.0 days.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price objective for the company from $210.00 to $290.00 in a research report on Thursday, February 20th. Arete Research raised NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Barclays reduced their price objective on NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Mizuho raised their price objective on NXP Semiconductors from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut their target price on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $267.00.

Insider Transactions at NXP Semiconductors

In related news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is owned by insiders.

Institutional Trading of NXP Semiconductors

Several large investors have recently added to or reduced their stakes in the stock. Cullen Investment Group LTD. lifted its position in shares of NXP Semiconductors by 6.2% in the 1st quarter. Cullen Investment Group LTD. now owns 10,445 shares of the semiconductor provider’s stock worth $1,985,000 after purchasing an additional 610 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in NXP Semiconductors by 19.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 596 shares of the semiconductor provider’s stock worth $113,000 after buying an additional 99 shares during the period. 111 Capital purchased a new stake in NXP Semiconductors in the fourth quarter worth about $818,000. Lansforsakringar Fondforvaltning AB publ bought a new stake in NXP Semiconductors during the 4th quarter valued at approximately $11,767,000. Finally, Old North State Trust LLC grew its holdings in shares of NXP Semiconductors by 20.6% during the 4th quarter. Old North State Trust LLC now owns 1,531 shares of the semiconductor provider’s stock worth $318,000 after acquiring an additional 262 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Down 0.0 %

Shares of NASDAQ NXPI traded down $0.06 during trading hours on Tuesday, hitting $190.00. The company’s stock had a trading volume of 2,269,501 shares, compared to its average volume of 2,430,545. NXP Semiconductors has a 12 month low of $183.56 and a 12 month high of $296.08. The stock has a market cap of $48.19 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 3.01 and a beta of 1.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The business has a 50-day simple moving average of $214.17 and a 200-day simple moving average of $221.68.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 19th will be issued a dividend of $1.014 per share. The ex-dividend date is Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 2.13%. NXP Semiconductors’s dividend payout ratio is presently 41.62%.

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.