NXP Semiconductors NV (NXPI) Short Interest Up 46.7% in July

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NXP Semiconductors NV (NASDAQ:NXPI) was the target of a significant increase in short interest during the month of 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. Based on an average trading volume of 14,593,521 shares, the days-to-cover ratio is presently 0.8 days. Currently, 3.2% of the company’s stock are sold short.

NXP Semiconductors opened at $94.56 on Monday, MarketBeat reports. 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 one year low of $90.25 and a one year high of $125.93. The stock has a market capitalization of $32.88 billion, a P/E ratio of 13.17, a PEG ratio of 0.76 and a beta of 0.72.

A number of research firms recently commented on NXPI. Zacks Investment Research downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Barclays began coverage on NXP Semiconductors in a research note on Thursday, August 2nd. They issued an “equal weight” rating for the company. Needham & Company LLC decreased their price target on NXP Semiconductors to $120.00 and set a “strong-buy” rating for the company in a research note on Monday, July 30th. Stifel Nicolaus decreased their price target on NXP Semiconductors from $102.00 to $99.00 and set a “hold” rating for the company in a research note on Friday, July 27th. Finally, JPMorgan Chase & Co. decreased their price target on NXP Semiconductors from $127.50 to $110.00 and set a “neutral” rating for the company in a research note on Friday, July 27th. Two equities 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 assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $109.80.

Hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. acquired a new position in NXP Semiconductors in the first quarter valued at approximately $650,000. Princeton Capital Management LLC acquired a new position in NXP Semiconductors in the second quarter valued at approximately $127,000. Tokio Marine Asset Management Co. Ltd. boosted its stake in NXP Semiconductors by 17.8% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 72,859 shares of the semiconductor provider’s stock valued at $7,961,000 after acquiring an additional 10,984 shares during the period. Arnhold LLC acquired a new position in NXP Semiconductors in the first quarter valued at approximately $7,225,000. Finally, Hsbc Holdings PLC boosted its stake in NXP Semiconductors by 71.7% in the first quarter. Hsbc Holdings PLC now owns 7,508,068 shares of the semiconductor provider’s stock valued at $878,444,000 after acquiring an additional 3,135,818 shares during the period. Institutional investors own 79.85% of the company’s stock.

About NXP Semiconductors

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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