NXP Semiconductors (NASDAQ:NXPI) Short Interest Down 24.9% in March

NXP Semiconductors (NASDAQ:NXPI) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 6,440,000 shares, a drop of 24.9% from the March 15th total of 8,570,000 shares. Based on an average trading volume of 3,260,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.5% of the company’s shares are sold short.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $204.86, for a total transaction of $204,860.00. Following the transaction, the chief operating officer now owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. This represents a 10.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Wealth Partners LLC lifted its position in shares of NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the last quarter. Sound Income Strategies LLC boosted its stake in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 88 shares in the last quarter. Smithfield Trust Co acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth about $32,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $32,000. Finally, Brooklyn Investment Group grew its stake in NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on NXPI shares. Arete Research upgraded NXP Semiconductors to a “strong-buy” rating in a report on Tuesday, March 25th. Citigroup dropped their price objective on NXP Semiconductors from $290.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Truist Financial boosted their target price on shares of NXP Semiconductors from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Barclays cut their price objective on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $261.50.

NXP Semiconductors Stock Up 1.3 %

NXPI stock traded up $2.15 during mid-day trading on Friday, reaching $170.74. The company had a trading volume of 2,106,439 shares, compared to its average volume of 2,572,961. NXP Semiconductors has a fifty-two week low of $148.09 and a fifty-two week high of $296.08. The company has a market capitalization of $43.30 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36. The firm has a fifty day simple moving average of $201.13 and a 200 day simple moving average of $214.83.

NXP Semiconductors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 19th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 2.38%. The ex-dividend date was Wednesday, March 19th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 41.62%.

About NXP Semiconductors

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.