NXP Semiconductors NV (NASDAQ:NXPI) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 7,596,406 shares, a decrease of 29.6% from the January 15th total of 10,786,045 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily volume of 5,228,572 shares, the short-interest ratio is currently 1.5 days.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Bridge Advisors acquired a new position in shares of NXP Semiconductors during the 3rd quarter valued at about $1,778,000. Providence Capital Advisors LLC increased its stake in shares of NXP Semiconductors by 4.9% during the 4th quarter. Providence Capital Advisors LLC now owns 19,789 shares of the semiconductor provider’s stock valued at $1,450,000 after acquiring an additional 921 shares during the last quarter. Clearline Capital LP acquired a new position in shares of NXP Semiconductors during the 3rd quarter valued at about $651,000. Klingenstein Fields & Co. LLC acquired a new position in shares of NXP Semiconductors during the 4th quarter valued at about $8,540,000. Finally, First Hawaiian Bank increased its stake in shares of NXP Semiconductors by 748.5% during the 4th quarter. First Hawaiian Bank now owns 2,325 shares of the semiconductor provider’s stock valued at $170,000 after acquiring an additional 2,051 shares during the last quarter. 75.47% of the stock is owned by institutional investors.
A number of research analysts have issued reports on NXPI shares. Goldman Sachs Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating in a report on Thursday, October 18th. They noted that the move was a valuation call. Barclays upgraded shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $105.00 to $95.00 in a report on Tuesday, October 23rd. Needham & Company LLC reduced their target price on shares of NXP Semiconductors to $100.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Stifel Nicolaus restated a “sell” rating on shares of NXP Semiconductors in a report on Thursday, November 1st. Finally, Cowen reduced their target price on shares of NXP Semiconductors from $114.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, November 2nd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $99.07.
NASDAQ NXPI opened at $89.25 on Tuesday. NXP Semiconductors has a 12 month low of $67.62 and a 12 month high of $125.93. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.54 and a quick ratio of 1.17. The stock has a market cap of $30.07 billion, a PE ratio of 15.03, a P/E/G ratio of 0.98 and a beta of 1.16.
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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