NXP Semiconductors NV (NASDAQ:NXPI) Sees Large Growth in Short Interest

NXP Semiconductors NV (NASDAQ:NXPI) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 8,160,000 shares, a growth of 13.0% from the January 15th total of 7,220,000 shares. Based on an average daily volume of 2,844,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.9% of the company’s stock are short sold.

In other news, EVP Stephen Owen sold 8,294 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $122.00, for a total value of $1,011,868.00. Following the completion of the transaction, the executive vice president now owns 1,883 shares in the company, valued at $229,726. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of NXP Semiconductors by 13.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,031 shares of the semiconductor provider’s stock worth $1,749,000 after acquiring an additional 1,926 shares during the period. Signaturefd LLC boosted its stake in shares of NXP Semiconductors by 8.4% in the third quarter. Signaturefd LLC now owns 2,464 shares of the semiconductor provider’s stock worth $269,000 after acquiring an additional 190 shares during the period. Vigilant Capital Management LLC boosted its stake in shares of NXP Semiconductors by 2.8% in the third quarter. Vigilant Capital Management LLC now owns 146,479 shares of the semiconductor provider’s stock worth $15,984,000 after acquiring an additional 3,986 shares during the period. Renaissance Investment Group LLC boosted its stake in shares of NXP Semiconductors by 0.5% in the third quarter. Renaissance Investment Group LLC now owns 57,448 shares of the semiconductor provider’s stock worth $6,269,000 after acquiring an additional 278 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of NXP Semiconductors by 5.9% in the third quarter. Envestnet Asset Management Inc. now owns 224,521 shares of the semiconductor provider’s stock worth $24,500,000 after acquiring an additional 12,443 shares during the period. 89.71% of the stock is owned by hedge funds and other institutional investors.

NXPI traded down $1.61 during midday trading on Friday, reaching $137.08. The company had a trading volume of 1,840,724 shares, compared to its average volume of 2,582,477. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average of $131.27 and a two-hundred day moving average of $115.60. The company has a market cap of $38.38 billion, a P/E ratio of 161.27, a P/E/G ratio of 1.51 and a beta of 1.28. NXP Semiconductors has a 1 year low of $85.38 and a 1 year high of $139.59.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, February 3rd. The semiconductor provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.28. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.28 billion. NXP Semiconductors had a return on equity of 24.09% and a net margin of 2.74%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.13 earnings per share. On average, equities research analysts predict that NXP Semiconductors will post 7.04 EPS for the current year.

A number of research firms recently commented on NXPI. Mizuho upped their price objective on NXP Semiconductors from $145.00 to $147.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Loop Capital upped their price objective on NXP Semiconductors to and gave the company a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley upped their price objective on NXP Semiconductors from $140.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. SunTrust Banks upped their price objective on NXP Semiconductors from $139.00 to $148.00 and gave the company a “buy” rating in a research report on Monday. Finally, S&P Equity Research upped their price objective on NXP Semiconductors from $145.00 to $155.00 in a research report on Friday, January 10th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $136.71.

NXP Semiconductors Company Profile

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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.

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