NXP Semiconductors (NASDAQ:NXPI) Short Interest Update

NXP Semiconductors (NASDAQ:NXPIGet Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 3,690,000 shares, a drop of 13.4% from the June 15th total of 4,260,000 shares. Based on an average daily trading volume, of 1,940,000 shares, the short-interest ratio is currently 1.9 days. Currently, 1.4% of the company’s stock are short sold.

Insider Activity

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of NXP Semiconductors stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the transaction, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Several large investors have recently bought and sold shares of NXPI. Vanguard Group Inc. increased its holdings in shares of NXP Semiconductors by 17.3% in the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares during the last quarter. Norges Bank purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of NXP Semiconductors by 893.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after acquiring an additional 2,097,727 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of NXP Semiconductors by 24.6% in the 1st quarter. Van ECK Associates Corp now owns 1,644,696 shares of the semiconductor provider’s stock valued at $407,506,000 after acquiring an additional 325,187 shares during the last quarter. Finally, Putnam Investments LLC boosted its position in shares of NXP Semiconductors by 4.4% in the 4th quarter. Putnam Investments LLC now owns 1,564,236 shares of the semiconductor provider’s stock valued at $359,274,000 after purchasing an additional 65,741 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 0.5 %

NXPI traded up $1.47 during mid-day trading on Tuesday, hitting $284.24. 61,199 shares of the stock were exchanged, compared to its average volume of 2,123,708. The firm’s fifty day moving average is $271.76 and its two-hundred day moving average is $246.89. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $286.87. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The company has a market cap of $72.67 billion, a PE ratio of 26.11, a PEG ratio of 2.62 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPIGet Free Report) last posted its earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. Equities analysts forecast that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were issued a dividend of $1.014 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $4.06 annualized dividend and a yield of 1.43%. NXP Semiconductors’s dividend payout ratio (DPR) is 37.49%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $265.00 to $325.00 in a research report on Friday, May 24th. Wells Fargo & Company boosted their price objective on NXP Semiconductors from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. The Goldman Sachs Group boosted their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, Truist Financial boosted their price target on NXP Semiconductors from $265.00 to $291.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $274.04.

Check Out Our Latest Stock Analysis on NXP Semiconductors

NXP Semiconductors Company Profile

(Get Free Report)

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.

Further Reading

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