NXP Semiconductors (NASDAQ:NXPI – Get Rating) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 7,050,000 shares, a growth of 30.6% from the April 15th total of 5,400,000 shares. Based on an average daily volume of 2,760,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.7% of the company’s shares are short sold.
NXP Semiconductors stock traded down $10.25 during mid-day trading on Wednesday, hitting $175.39. The company had a trading volume of 2,652,806 shares, compared to its average volume of 2,800,340. The company has a current ratio of 1.85, a quick ratio of 1.39 and a debt-to-equity ratio of 1.56. The stock’s 50 day moving average price is $178.84 and its two-hundred day moving average price is $200.00. NXP Semiconductors has a 12 month low of $164.75 and a 12 month high of $239.91. The company has a market capitalization of $46.05 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36.
NXP Semiconductors (NASDAQ:NXPI – Get Rating) last released its earnings results on Monday, May 2nd. The semiconductor provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.85 by $0.26. NXP Semiconductors had a return on equity of 40.21% and a net margin of 18.70%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.10 billion. Equities research analysts anticipate that NXP Semiconductors will post 12.35 EPS for the current year.
Several brokerages have weighed in on NXPI. Mizuho boosted their price objective on NXP Semiconductors from $200.00 to $205.00 in a research report on Wednesday, May 4th. Morgan Stanley boosted their price objective on NXP Semiconductors from $256.00 to $262.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 2nd. Oppenheimer lowered their price objective on NXP Semiconductors from $235.00 to $210.00 in a research report on Thursday, April 28th. Piper Sandler lowered their price objective on NXP Semiconductors from $210.00 to $175.00 in a research report on Tuesday, May 3rd. Finally, Barclays reduced their target price on NXP Semiconductors from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Monday, April 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $226.30.
About NXP Semiconductors (Get Rating)
NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.
- Get a free copy of the StockNews.com research report on NXP Semiconductors (NXPI)
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