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Potential Price Increase for NXP Semiconductors NV (NXPI) After Recent Insider Activity

In a filing, NXP Semiconductors NV revealed its CEO & President Sievers Kurt unloaded Company’s shares for reported $2.36 million on Jun 10 ’24. In the deal valued at $275.75 per share,8,548 shares were sold. As a result of this transaction, Sievers Kurt now holds 177,889 shares worth roughly $49.31 million.

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Then, Jensen Christopher L sold 4,765 shares, generating $1,183,674 in total proceeds. Upon selling the shares at $248.41, the EVP Human Resources now owns 0 shares.

Before that, SUMME GREGORY L sold 4,695 shares. NXP Semiconductors NV shares valued at $1,151,520 were divested by the Director at a price of $245.27 per share. As a result of the transaction, SUMME GREGORY L now holds 7,097 shares, worth roughly $1.97 million.

Mizuho upgraded its NXP Semiconductors NV [NXPI] rating to a Buy from a a Neutral in a research note published on May 24, 2024; the price target was increased to $325 from $265. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Evercore ISI began covering NXPI with “an Outperform” recommendation on April 16, 2024. TD Cowen maintained its rating on March 12, 2024. It rated NXPI as “an Outperform”.

Price Performance Review of NXPI

On Monday, NXP Semiconductors NV [NASDAQ:NXPI] saw its stock jump 1.35% to $277.22. Over the last five days, the stock has gained 3.02%. NXP Semiconductors NV shares have risen nearly 20.70% since the year began. Nevertheless, the stocks have risen 35.65% over the past one year. While a 52-week high of $286.87 was reached on 06/12/24, a 52-week low of $167.21 was recorded on 01/17/24. SMA at 50 days reached $267.56, while 200 days put it at $229.77. A total of 1.0 million shares were traded, compared to the trading of 1.08 million shares in the previous session.

Levels Of Support And Resistance For NXPI Stock

The 24-hour chart illustrates a support level at 274.99, which if violated will result in even more drops to 272.75. On the upside, there is a resistance level at 278.63. A further resistance level may holdings at 280.03. The Relative Strength Index (RSI) on the 14-day chart is 57.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.80%. Stochastics%K at 79.61% indicates the stock is a holding.

The most recent change occurred on February 07, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $270.

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