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

NXP Semiconductors NV (NASDAQ:NXPI) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 11,055,573 shares, an increase of 46.7% from the July 13th total of 7,537,795 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,593,521 shares, the days-to-cover ratio is currently 0.8 days.

Shares of NXPI stock opened at $94.56 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.98 and a debt-to-equity ratio of 0.39. NXP Semiconductors has a fifty-two week low of $90.25 and a fifty-two week high of $125.93. The company has a market capitalization of $32.92 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 0.77 and a beta of 0.72.

Several analysts have issued reports on NXPI shares. ValuEngine lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. BidaskClub lowered NXP Semiconductors from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 7th. Zacks Investment Research raised NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. SunTrust Banks raised NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. Finally, Drexel Hamilton raised NXP Semiconductors from a “hold” rating to a “buy” rating and upped their target price for the stock from $110.00 to $127.50 in a research note on Thursday, May 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $109.80.

A number of hedge funds have recently made changes to their positions in the business. KCM Investment Advisors LLC bought a new stake in NXP Semiconductors in the second quarter valued at approximately $784,000. Philadelphia Trust Co. lifted its position in NXP Semiconductors by 117.2% in the second quarter. Philadelphia Trust Co. now owns 69,100 shares of the semiconductor provider’s stock valued at $7,551,000 after purchasing an additional 37,290 shares during the last quarter. Third Point LLC bought a new stake in NXP Semiconductors in the second quarter valued at approximately $1,174,652,000. Stephens Investment Management Group LLC bought a new stake in NXP Semiconductors in the second quarter valued at approximately $1,557,000. Finally, Chescapmanager LLC lifted its position in NXP Semiconductors by 2,314.4% in the second quarter. Chescapmanager LLC now owns 144,863 shares of the semiconductor provider’s stock valued at $15,829,000 after purchasing an additional 138,863 shares during the last quarter. Hedge funds and other institutional investors own 79.85% of the company’s stock.

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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