Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. NXP Semiconductors NV shares valued at $1,183,674 were sold by Jensen Christopher L on Feb 29 ’24. At $248.41 per share, Jensen Christopher L sold 4,765 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, SUMME GREGORY L sold 4,695 shares, netting a total of over 1,151,520 in proceeds. Following the sale of shares at $245.27 each, the insider now holds 7,097 shares.
Before that, Wuamett Jennifer had sold 4,000 shares from its account. In a trade valued at $979,102, the EVP & General Counsel traded NXP Semiconductors NV shares for $244.78 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $8.14 million.
As published in a research note from TD Cowen on March 12, 2024, NXP Semiconductors NV [NXPI] has been retained to an Outperform and the price target has been revised to $300. Analysts at TD Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in early February. As of January 23, 2024, Cantor Fitzgerald has initiated its “an Overweight” rating for NXPI. Earlier on January 18, 2024, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for NXPI stock which previously was a “a Peer perform”.
Analyzing NXPI Stock Performance
During the last five days, there has been a drop of approximately -1.15%. Over the course of the year, NXP Semiconductors NV shares have jumped approximately 4.96%. Shares of the company reached a 52-week high of $264.26 on 03/07/24 and a 52-week low of $201.58 on 01/17/24. A 50-day SMA is recorded $239.40, while a 200-day SMA reached $213.77. Nevertheless, trading volume fell to 2.03 million shares from 1.19 million shares the previous day.
Support And Resistance Levels for NXP Semiconductors NV (NXPI)
According to the 24-hour chart, there is a support level at 238.02, which, if violated, would cause prices to drop to 234.95. In the upper region, resistance lies at 246.33. The next price resistance is at 251.57. RSI (Relative Strength Index) is 48.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.23, which suggests the price will increase in the coming days. Percent R is at 77.77%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is NXP Semiconductors NV subject to short interest?
Stocks of NXP Semiconductors NV saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.19 million shares to 4.65 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.46 million shares. A jump of 4.09% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.86 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.86.
