NXP Semiconductors NV (NASDAQ:NXPI) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 5,700,068 shares, a growth of 93.8% from the February 15th total of 2,941,154 shares. Based on an average daily trading volume, of 9,345,033 shares, the short-interest ratio is currently 0.6 days. Currently, 1.9% of the shares of the company are short sold.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new position in NXP Semiconductors during the third quarter worth about $113,000. Risk Paradigm Group LLC boosted its position in NXP Semiconductors by 92.3% during the third quarter. Risk Paradigm Group LLC now owns 1,192 shares of the semiconductor provider’s stock worth $135,000 after acquiring an additional 572 shares during the last quarter. Horan Capital Advisors LLC. acquired a new position in NXP Semiconductors during the third quarter worth about $136,000. Valeo Financial Advisors LLC boosted its position in NXP Semiconductors by 931.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,320 shares of the semiconductor provider’s stock worth $155,000 after acquiring an additional 1,192 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in NXP Semiconductors during the fourth quarter worth about $209,000. Institutional investors and hedge funds own 82.04% of the company’s stock.
A number of research firms have weighed in on NXPI. BidaskClub raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research raised shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Friday, January 26th. Robert W. Baird reaffirmed a “hold” rating on shares of NXP Semiconductors in a report on Friday, February 23rd. Sanford C. Bernstein set a $125.00 price objective on shares of NXP Semiconductors and gave the company a “hold” rating in a report on Thursday, February 8th. Finally, ValuEngine raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $117.00.
NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Wednesday, February 7th. The semiconductor provider reported $3.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $1.45. NXP Semiconductors had a net margin of 23.93% and a return on equity of 18.68%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.37 billion. sell-side analysts forecast that NXP Semiconductors will post 6.51 EPS for the current year.
NXP Semiconductors Company Profile
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.
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