NXP Semiconductors (NASDAQ:NXPI) Short Interest Update

NXP Semiconductors (NASDAQ:NXPI) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 3,690,000 shares, a decrease of 13.4% from the June 15th total of 4,260,000 shares. Based on an average daily volume of 1,940,000 shares, the short-interest ratio is currently 1.9 days. Approximately 1.4% of the shares of the stock are sold short.

Insider Transactions at NXP Semiconductors

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NXPI. Norges Bank acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in NXP Semiconductors by 893.2% during 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 worth $535,747,000 after purchasing an additional 2,097,727 shares during the last quarter. Vanguard Group Inc. lifted its holdings in NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after purchasing an additional 1,909,898 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $164,044,000. Finally, Kodai Capital Management LP acquired a new stake in NXP Semiconductors during the 4th quarter worth approximately $125,319,000. 90.54% of the stock is currently owned by institutional investors.

NXP Semiconductors Stock Up 2.0 %

NXPI stock opened at $280.19 on Monday. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average price of $271.30 and a two-hundred day moving average price of $246.53. The company has a market cap of $71.64 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 2.62 and a beta of 1.49. NXP Semiconductors has a twelve month low of $167.21 and a twelve month high of $286.87.

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

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were paid a dividend of $1.014 per share. The ex-dividend date was Thursday, June 13th. This represents a $4.06 annualized dividend and a dividend yield of 1.45%. NXP Semiconductors’s dividend payout ratio is currently 37.49%.

Wall Street Analyst Weigh In

NXPI has been the topic of several research reports. Cantor Fitzgerald upped their price target on NXP Semiconductors from $290.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Argus increased their target price on NXP Semiconductors from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Evercore ISI increased their target price on NXP Semiconductors from $300.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Needham & Company LLC increased their target price on NXP Semiconductors from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Truist Financial increased their target price on NXP Semiconductors from $265.00 to $291.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $271.24.

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.