NXP Semiconductors (NASDAQ:NXPI) Short Interest Update

NXP Semiconductors (NASDAQ:NXPI) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 6,440,000 shares, a decrease of 24.9% from the March 15th total of 8,570,000 shares. Based on an average daily volume of 3,260,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.5% of the shares of the company are short sold.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, COO Andrew Micallef sold 1,000 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds have recently bought and sold shares of the business. ORG Wealth Partners LLC raised its holdings in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares in the last quarter. Sound Income Strategies LLC increased its position in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in NXP Semiconductors during the 4th quarter worth $32,000. Smithfield Trust Co bought a new position in shares of NXP Semiconductors in the fourth quarter worth $32,000. Finally, Brooklyn Investment Group increased its holdings in shares of NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NXPI. Arete Research upgraded NXP Semiconductors to a “strong-buy” rating in a research report on Tuesday, March 25th. Susquehanna lowered their target price on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of NXP Semiconductors in a report on Tuesday, February 4th. Morgan Stanley raised NXP Semiconductors from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $231.00 to $257.00 in a report on Wednesday, February 12th. Finally, Citigroup lowered their target price on NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $261.50.

NXP Semiconductors Trading Up 1.3 %

NASDAQ NXPI traded up $2.15 during mid-day trading on Friday, hitting $170.74. The company’s stock had a trading volume of 2,106,439 shares, compared to its average volume of 2,572,961. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08. The stock’s fifty day simple moving average is $201.13 and its two-hundred day simple moving average is $214.83. The firm has a market capitalization of $43.30 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a $1.014 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $4.06 dividend on an annualized basis and a yield of 2.38%. NXP Semiconductors’s dividend payout ratio is currently 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.