NXP Semiconductors NV (NASDAQ:NXPI) was the recipient of a significant decrease in short interest in the month of November. As of November 29th, there was short interest totalling 7,810,000 shares, a decrease of 10.4% from the November 14th total of 8,720,000 shares. Approximately 2.8% of the shares of the stock are short sold. Based on an average trading volume of 2,912,200 shares, the short-interest ratio is presently 2.7 days.
In other news, EVP Keith M. Shull sold 21,085 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $119.35, for a total value of $2,516,494.75. Following the completion of the transaction, the executive vice president now owns 15,092 shares of the company’s stock, valued at $1,801,230.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Owen sold 8,294 shares of the company’s stock in a transaction dated 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 directly owns 1,883 shares of the company’s stock, valued at approximately $229,726. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,416 shares of company stock valued at $4,245,127.
A number of institutional investors have recently made changes to their positions in NXPI. Westwood Holdings Group Inc. bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $25,000. Next Capital Management LLC bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $26,000. Prestige Wealth Management Group LLC bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $39,000. SRS Capital Advisors Inc. bought a new stake in shares of NXP Semiconductors in the 2nd quarter valued at approximately $52,000. Finally, Sandy Spring Bank lifted its stake in shares of NXP Semiconductors by 29.9% in the 2nd quarter. Sandy Spring Bank now owns 565 shares of the semiconductor provider’s stock valued at $55,000 after purchasing an additional 130 shares during the last quarter. 89.67% of the stock is owned by institutional investors.
A number of equities analysts have recently weighed in on NXPI shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price objective on shares of NXP Semiconductors in a research note on Tuesday, October 29th. Bank of America upped their price objective on NXP Semiconductors from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday. TheStreet lowered NXP Semiconductors from a “b” rating to a “c+” rating in a research note on Tuesday, October 29th. Zacks Investment Research raised NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, BMO Capital Markets upped their price objective on NXP Semiconductors to $115.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. NXP Semiconductors presently has an average rating of “Buy” and a consensus target price of $121.60.
NXP Semiconductors stock traded up $0.27 during midday trading on Friday, reaching $123.88. 2,806,290 shares of the stock traded hands, compared to its average volume of 2,353,926. The stock’s fifty day moving average is $116.18 and its 200-day moving average is $104.83. NXP Semiconductors has a 12 month low of $67.62 and a 12 month high of $126.06. The stock has a market cap of $33.93 billion, a P/E ratio of 20.86, a PEG ratio of 1.52 and a beta of 1.22. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.78.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, October 28th. The semiconductor provider reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.57. NXP Semiconductors had a return on equity of 23.37% and a net margin of 4.51%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.24 billion. On average, equities analysts predict that NXP Semiconductors will post 6.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, December 13th. NXP Semiconductors’s payout ratio is presently 25.25%.
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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