NXPI’s short interest shows a sharp rise on May 14, 2023

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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 $2,497,800 were sold by Wuamett Jennifer on May 05. At $166.52 per share, Wuamett Jennifer sold 15,000 shares. The insider’s holdings dropped to 30,569 shares worth approximately $5.24 million following the completion of this transaction.

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Analyzing NXPI Stock Performance

On Thursday, NXP Semiconductors N.V. [NASDAQ: NXPI] rose 2.89% to $171.34. The stock’s lowest price that day was $163.26, but it reached a high of $171.88 in the same session. During the last five days, there has been a drop of approximately -2.45%. Over the course of the year, NXP Semiconductors N.V. shares have jumped approximately 8.42%. Shares of the company reached a 52-week high of $197.71 on 02/02/23 and a 52-week low of $153.10 on 01/05/23. A 50-day SMA is recorded $172.05, while a 200-day SMA reached $168.31. Nevertheless, trading volume fell to 2.83 million shares from 3.24 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 165.77, which, if violated, would cause prices to drop to 160.21. In the upper region, resistance lies at 174.39. The next price resistance is at 177.45. RSI (Relative Strength Index) is 51.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.53, which suggests the price will increase in the coming days. Percent R is at 39.96%, indicating low price movement. Stochastics %K at holding 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 rise in short interest on May 14, 2023 jumping by 0.66 million shares to 6.19 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 5.53 million shares. A jump of 10.66% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.8 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.8.

Which companies own the most shares of NXP Semiconductors N.V. (NXPI)?

According to Fidelity Management & Research Co filings, the company currently owns 22,429,169 shares, which is about 8.64% of the total NXPI shares outstanding. The investor’s shares have appreciated by 1,669,496 from its previous 13-F filing of 20759673.0 shares. With the completion of the buy transaction, JPMorgan Investment Management, I’s stake is now worth $3,026,255,124. BlackRock Fund Advisors reduced a -1.55% interest valued at $1.7 billion while SSgA Funds Management, Inc. purchased a 232,704 stake. A total of -283,206 shares of NXP Semiconductors N.V. were bought by Wellington Management Co. LLP during the quarter, and -79,554 were sold by Massachusetts Financial Services. In its current portfolio, The Vanguard Group, Inc. holds 9,706,512 shares valued at $1.59 billion.

In terms of NXP Semiconductors N.V. share price expectations, FactSet research, analysts set an average price target of $198.71 in the next 12 months, up nearly 20.11% from the previous closing price of $166.52. Analysts anticipate NXP Semiconductors N.V. stock to reach $250.00 by 2023, with the lowest price target being $165.00. In spite of this, 27 analysts ranked NXP Semiconductors N.V. stock as an Overweight at the end of 2023.

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