NXP Semiconductors NV (NXPI) Sees Significant Growth in Short Interest

NXP Semiconductors NV (NASDAQ:NXPI) was the target of a large growth in short interest in September. As of September 14th, there was short interest totalling 15,821,207 shares, a growth of 29.4% from the August 31st total of 12,224,182 shares. Based on an average daily volume of 10,156,662 shares, the days-to-cover ratio is currently 1.6 days. Currently, 4.6% of the company’s shares are sold short.

NASDAQ:NXPI opened at $85.29 on Thursday. The stock has a market cap of $31.30 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 0.75 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.98 and a quick ratio of 2.26. NXP Semiconductors has a fifty-two week low of $84.35 and a fifty-two week high of $125.93.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.33). The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.36 billion. NXP Semiconductors had a net margin of 10.35% and a return on equity of 16.24%. equities research analysts expect that NXP Semiconductors will post 6.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Tuesday, September 25th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, September 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. NXP Semiconductors’s dividend payout ratio is currently 11.84%.

A number of large investors have recently added to or reduced their stakes in the business. Fondren Management LP bought a new stake in NXP Semiconductors during the 2nd quarter valued at about $1,093,000. Royal London Asset Management Ltd. bought a new stake in NXP Semiconductors during the 2nd quarter valued at about $15,362,000. HRT Financial LLC bought a new stake in NXP Semiconductors during the 2nd quarter valued at about $898,000. Canyon Capital Advisors LLC increased its stake in NXP Semiconductors by 144.9% during the 2nd quarter. Canyon Capital Advisors LLC now owns 784,630 shares of the semiconductor provider’s stock valued at $85,737,000 after purchasing an additional 464,290 shares in the last quarter. Finally, Global X Management Co LLC boosted its holdings in shares of NXP Semiconductors by 17.1% during the 2nd quarter. Global X Management Co LLC now owns 30,571 shares of the semiconductor provider’s stock valued at $3,340,000 after acquiring an additional 4,475 shares during the last quarter. Institutional investors and hedge funds own 83.49% of the company’s stock.

Several research analysts have commented on the stock. Sanford C. Bernstein upgraded shares of NXP Semiconductors from a “market perform” rating to an “outperform” rating in a report on Friday, July 27th. ValuEngine lowered shares of NXP Semiconductors from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. BMO Capital Markets decreased their price objective on shares of NXP Semiconductors from $110.00 to $100.00 and set a “market perform” rating for the company in a report on Friday, July 27th. Morgan Stanley decreased their price objective on shares of NXP Semiconductors from $127.50 to $105.00 and set an “equal weight” rating for the company in a report on Thursday, July 26th. Finally, Stifel Nicolaus lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $99.00 to $84.00 in a report on Wednesday, September 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. NXP Semiconductors has a consensus rating of “Hold” and a consensus price target of $110.94.

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

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