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Shares of NXP Semiconductors NV (NASDAQ:NXPI) were the recipient of a significant decline in short interest in May. As of May 30th, there was short interest totalling 1,795,748 shares, a decline of 24.0% from the May 15th total of 2,364,185 shares, Stock Ratings Network reports. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 2,843,032 shares, the days-to-cover ratio is currently 0.6 days.

A number of research firms have recently commented on NXPI. Analysts at FBR Capital Markets initiated coverage on shares of NXP Semiconductors NV in a research note on Thursday, June 12th. They set an “outperform” rating and a $76.00 price target on the stock. Separately, analysts at Zacks downgraded shares of NXP Semiconductors NV from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $65.80 price target on the stock. Finally, analysts at TheStreet upgraded shares of NXP Semiconductors NV from a “hold” rating to a “buy” rating in a research note on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $65.49.

NXP Semiconductors NV (NASDAQ:NXPI) opened at 64.99 on Friday. NXP Semiconductors NV has a 52 week low of $29.03 and a 52 week high of $65.03. The stock’s 50-day moving average is $61.82 and its 200-day moving average is $54.36. The company has a market cap of $16.361 billion and a price-to-earnings ratio of 34.21.

NXP Semiconductors NV (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by $0.04. On average, analysts predict that NXP Semiconductors NV will post $4.40 earnings per share for the current fiscal year.

NXP Semiconductors N.V. (NASDAQ:NXPI) is a holding company.

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