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NXP Semiconductors NV (NXPI) receives a Buy rating from TD Cowen

NXP Semiconductors NV’s filing revealed that its EVP & General Counsel Wuamett Jennifer unloaded Company’s shares for reported $0.81 million on Sep 17 ’24. In the deal valued at $232.35 per share,3,500 shares were sold. As a result of this transaction, Wuamett Jennifer now holds 30,269 shares worth roughly $6.87 million.

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Then, JENNIFER B WUAMETT bought 3,500 shares, generating $813,225 in total proceeds.

Before that, Southern Julie bought 146 shares. NXP Semiconductors NV shares valued at $37,600 were divested by the Chair at a price of $257.54 per share. As a result of the transaction, Southern Julie now holds 11,297 shares, worth roughly $2.56 million.

TD Cowen reiterated its NXP Semiconductors NV [NXPI] rating to a Buy in a research note published on November 08, 2024; the price target was $285. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “a Buy”. TD Cowen also remained covering NXPI and reiterated its “Buy” recommendation on July 24, 2024. Mizuho revised its rating on May 24, 2024. It rated NXPI as “a Buy” which previously was an “a Neutral”.

Price Performance Review of NXPI

On Monday, NXP Semiconductors NV [NASDAQ:NXPI] saw its stock fall -2.93% to $227.04. Over the last five days, the stock has lost -4.16%. NXP Semiconductors NV shares have fallen nearly -1.15% since the year began. Nevertheless, the stocks have risen 25.90% over the past one year. While a 52-week high of $296.08 was reached on 07/17/24, a 52-week low of $179.64 was recorded on 01/17/24. SMA at 50 days reached $235.14, while 200 days put it at $248.07.

Levels Of Support And Resistance For NXPI Stock

The 24-hour chart illustrates a support level at 223.36, which if violated will result in even more drops to 219.68. On the upside, there is a resistance level at 231.07. A further resistance level may holdings at 235.09. The Relative Strength Index (RSI) on the 14-day chart is 42.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.53%. Stochastics %K at 38.85% 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 2024-10-15, growing by 2.18 million shares to a total of 6.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.62 million shares. There was a rise of 32.04%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on May 13, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $325 price target.

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