NXP Semiconductors NV’s filing revealed that its EVP Human Resources Jensen Christopher L unloaded Company’s shares for reported $1.18 million on Feb 29 ’24. In the deal valued at $248.41 per share,4,765 shares were sold. As a result of this transaction, Jensen Christopher L now holds 0 shares worth roughly $0.0.
Then, SUMME GREGORY L sold 4,695 shares, generating $1,151,520 in total proceeds. Upon selling the shares at $245.27, the Director now owns 7,097 shares.
Before that, Wuamett Jennifer sold 4,000 shares. NXP Semiconductors NV shares valued at $979,102 were divested by the EVP & General Counsel at a price of $244.78 per share. As a result of the transaction, Wuamett Jennifer now holds 33,769 shares, worth roughly $8.14 million.
TD Cowen reiterated its NXP Semiconductors NV [NXPI] rating to an Outperform in a research note published on March 12, 2024; the price target was $300. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early February has reiterated a ‘”an Outperform”‘ rating for it. Cantor Fitzgerald began covering NXPI with “an Overweight” recommendation on January 23, 2024. Wolfe Research revised its rating on January 18, 2024. It rated NXPI as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of NXPI
On Friday, NXP Semiconductors NV [NASDAQ:NXPI] saw its stock jump 0.77% to $241.01. Over the last five days, the stock has lost -2.73%. NXP Semiconductors NV shares have risen nearly 4.93% since the year began. Nevertheless, the stocks have risen 36.84% over the past one year. While a 52-week high of $264.26 was reached on 03/07/24, a 52-week low of $155.31 was recorded on 01/17/24. SMA at 50 days reached $237.68, while 200 days put it at $212.96. A total of 1.62 million shares were traded, compared to the trading of 1.06 million shares in the previous session.
Levels Of Support And Resistance For NXPI Stock
The 24-hour chart illustrates a support level at 239.40, which if violated will result in even more drops to 237.79. On the upside, there is a resistance level at 242.07. A further resistance level may holdings at 243.13. The Relative Strength Index (RSI) on the 14-day chart is 48.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.25%. Stochastics %K at 43.70% indicates the stock is a holding.
How much short interest is there in NXP Semiconductors NV?
A steep rise in short interest was recorded in NXP Semiconductors NV stocks on Mar 15, 2024, growing by 0.19 million shares to a total of 4.65 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.46 million shares. There was a rise of 4.09%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.02% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.86.
