Short Interest in NXP Semiconductors N.V. (NXPI) Drops By 18.8%
NXP Semiconductors N.V. (NASDAQ:NXPI) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 4,432,155 shares, a decline of 18.8% from the May 31st total of 5,459,050 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily volume of 3,130,723 shares, the days-to-cover ratio is presently 1.4 days.
NXPI has been the subject of a number of analyst reports. Zacks Investment Research upgraded NXP Semiconductors N.V. from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research report on Tuesday, May 9th. Nomura lowered NXP Semiconductors N.V. from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. Needham & Company LLC restated a “strong-buy” rating and set a $110.00 price objective on shares of NXP Semiconductors N.V. in a research report on Wednesday, March 8th. Instinet lowered NXP Semiconductors N.V. from a “buy” rating to a “neutral” rating in a research report on Monday, May 15th. Finally, Mizuho restated a “hold” rating and set a $110.00 price objective on shares of NXP Semiconductors N.V. in a research report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $109.61.
Hedge funds have recently added to or reduced their stakes in the stock. Welch & Forbes LLC purchased a new stake in NXP Semiconductors N.V. during the first quarter valued at about $204,000. Boston Family Office LLC purchased a new stake in NXP Semiconductors N.V. during the first quarter valued at about $207,000. Assetmark Inc. increased its stake in NXP Semiconductors N.V. by 3.3% in the first quarter. Assetmark Inc. now owns 2,060 shares of the semiconductor provider’s stock valued at $213,000 after buying an additional 66 shares in the last quarter. AQR Capital Management LLC purchased a new stake in NXP Semiconductors N.V. during the fourth quarter valued at about $210,000. Finally, Private Trust Co. NA purchased a new stake in NXP Semiconductors N.V. during the first quarter valued at about $228,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.
NXP Semiconductors N.V. (NASDAQ:NXPI) opened at 109.40 on Friday. The firm has a 50-day moving average price of $108.65 and a 200-day moving average price of $103.46. The stock has a market cap of $27.54 billion, a P/E ratio of 20.03 and a beta of 0.92. NXP Semiconductors N.V. has a 52 week low of $75.04 and a 52 week high of $109.98.
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NXP Semiconductors N.V. Company Profile
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.
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