NXP Semiconductors NV (NASDAQ:NXPI) saw a large drop in short interest in the month of September. As of September 28th, there was short interest totalling 12,877,272 shares, a drop of 18.6% from the September 14th total of 15,821,207 shares. Based on an average trading volume of 6,439,237 shares, the short-interest ratio is presently 2.0 days. Currently, 3.8% of the shares of the stock are sold short.
A number of research firms have recently commented on NXPI. Morgan Stanley reduced their price objective on shares of NXP Semiconductors from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, October 3rd. Bank of America raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $120.00 in a report on Monday, September 17th. Cowen raised their price objective on shares of NXP Semiconductors from $111.00 to $114.00 and gave the stock an “outperform” rating in a report on Thursday, September 13th. Mizuho reaffirmed a “buy” rating and set a $115.00 price objective on shares of NXP Semiconductors in a report on Wednesday, September 12th. Finally, Stifel Nicolaus downgraded shares of NXP Semiconductors from a “hold” rating to a “sell” rating and cut their price target for the company from $99.00 to $84.00 in a report on Wednesday, September 12th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $110.65.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Gofen & Glossberg LLC IL raised its stake in shares of NXP Semiconductors by 20.5% in the third quarter. Gofen & Glossberg LLC IL now owns 20,589 shares of the semiconductor provider’s stock worth $1,760,000 after acquiring an additional 3,509 shares during the last quarter. Vigilant Capital Management LLC bought a new position in shares of NXP Semiconductors in the third quarter worth about $11,925,000. Endurance Wealth Management Inc. raised its stake in shares of NXP Semiconductors by 3.1% in the third quarter. Endurance Wealth Management Inc. now owns 59,410 shares of the semiconductor provider’s stock worth $5,079,000 after acquiring an additional 1,780 shares during the last quarter. Advisors Capital Management LLC raised its stake in shares of NXP Semiconductors by 43.2% in the third quarter. Advisors Capital Management LLC now owns 172,405 shares of the semiconductor provider’s stock worth $14,741,000 after acquiring an additional 51,980 shares during the last quarter. Finally, Clinton Group Inc. bought a new position in shares of NXP Semiconductors in the third quarter worth about $1,223,000. 83.53% of the stock is owned by institutional investors.
Shares of NXPI stock opened at $77.29 on Friday. NXP Semiconductors has a 12-month low of $76.64 and a 12-month high of $125.93. The stock has a market cap of $29.38 billion, a P/E ratio of 10.76, a PEG ratio of 0.71 and a beta of 0.85. The company has a quick ratio of 2.26, a current ratio of 2.98 and a debt-to-equity ratio of 0.39.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.33). NXP Semiconductors had a net margin of 10.35% and a return on equity of 16.24%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.36 billion. On average, equities research analysts expect that NXP Semiconductors will post 6.02 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Tuesday, September 25th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Monday, September 24th. NXP Semiconductors’s dividend payout ratio is presently 11.84%.
About NXP Semiconductors
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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