Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NXP Semiconductors N.V. shares valued at $24,039 were purchased by Southern Julie on Mar 15. At $178.07 per share, Southern Julie acquired 135 shares. The insider’s holdings grew to 9,039 shares worth approximately $1.67 million following the completion of this transaction.
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Also, Kaeser Josef sold 4,700 shares, netting a total of over 1,099,330 in proceeds. Following the sale of shares at $233.90 each, the insider now holds 10,007 shares.
Before that, Wuamett Jennifer had sold 7,200 shares from its account. In a trade valued at $1,579,782, the EVP & General Counsel traded NXP Semiconductors N.V. shares for $219.42 each. Upon closing the transaction, the insider’s holdings decreased to 7,200 shares, worth approximately $6.75 million.
As published in a research note from Citigroup on April 19, 2022, NXP Semiconductors N.V. [NXPI] has been rated down from a Buy to a Neutral and the price target has been revised to $190 from $240. This represents a 3.02% premium over Thursday’s closing price. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of January 12, 2022, Barclays has reiterated its “an Overweight” rating for NXPI. Earlier on January 10, 2022, BofA Securities resumed its rating. Their recommendation was “a Buy” for NXPI stock.
Analyzing NXPI’s Price Performance
On Thursday, NXP Semiconductors N.V. [NASDAQ: NXPI] plunged -0.70% to $184.26. The stock’s lowest price that day was $182.49, but it reached a high of $185.195 in the same session. During the last five days, there has been a surge of approximately 0.62%. Over the course of the year, NXP Semiconductors N.V. shares have dropped approximately -19.11%. Shares of the company reached a 52-week high of $234.90 on 01/04/22 and a 52-week low of $140.33 on 07/05/22. A 50-day SMA is recorded $169.67, while a 200-day SMA reached $191.79. Nevertheless, trading volume fell to 1.58 million shares from 2.65 million shares the previous day.
Support And Resistance Levels for NXP Semiconductors N.V. (NXPI)
According to the 24-hour chart, there is a support level at 182.77, which, if violated, would cause prices to drop to 181.28. In the upper region, resistance lies at 185.47. The next price resistance is at 186.69. RSI (Relative Strength Index) is 64.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.16, which suggests the price will increase in the coming days. Percent R is at 9.39%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is NXP Semiconductors N.V. subject to short interest?
Stocks of NXP Semiconductors N.V. saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.3 million shares to 4.84 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.14 million shares. A decline of -47.52% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.42 of the overall float, the days-to-cover ratio (short ratio) decline to 1.42.
Which companies own the most shares of NXP Semiconductors N.V. (NXPI)?
According to Fidelity Management & Research Co filings, the company currently owns 19,025,314 shares, which is about 7.25% of the total NXPI shares outstanding. The investor’s shares have appreciated by 1,711,871 from its previous 13-F filing of 17313443.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $2,098,065,013. JPMorgan Investment Management, I acquire a 8.41% interest valued at $1.92 billion while SSgA Funds Management, Inc. purchased a 44,628 stake. A total of 244,510 shares of NXP Semiconductors N.V. were bought by The Vanguard Group, Inc. during the quarter, and 664,862 were bought by Massachusetts Financial Services. In its current portfolio, T. Rowe Price Associates, Inc. holds 4,608,659 shares valued at $682.22 million.
In terms of NXP Semiconductors N.V. share price expectations, FactSet research, analysts set an average price target of $196.12 in the next 12 months, up nearly 7.79% from the previous closing price of $185.55. Analysts anticipate NXP Semiconductors N.V. stock to reach $260.00 by 2022, with the lowest price target being $157.00. In spite of this, 28 analysts ranked NXP Semiconductors N.V. stock as an Overweight at the end of 2022. On December 08, 2021, UBS assigned a price target of “a Sell” to the stock and initiated coverage with a $170.