NXP Semiconductors N.V. (NXPI): Price Target and June Short Interest Disclosure

NXP Semiconductors N.V. (NXPI) : The most positive equity analysts on NXP Semiconductors N.V. (NXPI) expects the shares to touch $130, whereas, the least positive believes that the stock will trade at $90 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $105.93 with an expected fluctuation of $10.67 from the mean.

NXP Semiconductors N.V. (NXPI) has witnessed a drop of 26.4% or 2,180,857 shares in its short figure. The short interest diminution took it from 8,273,623 on June 15,2016 to 6,092,766 on June 30,2016. In terms of floated shares, the short interest was calculated to be 2.1%. The days to cover are 1 given that the daily volume averaged 5,169,888 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Bank of America downgrades its rating on NXP Semiconductors N.V. (NASDAQ:NXPI).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 27, 2016.


NXP Semiconductors N.V. (NASDAQ:NXPI): On Thursdays trading session , Opening price of the stock was $78.9 with an intraday high of $80.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $78.23. However, the stock managed to close at $79.58, a loss of 1.36% for the day. On the previous day, the stock had closed at $80.68. The total traded volume of the day was 9,805,879 shares.

NXP Semiconductors N.V. (NXP) is a holding company. The Company is a semiconductor company. The Company provides high performance mixed signal and standard product solutions. Its product solutions are used in a range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. The Company operates in two segments: High Performance Mixed Signal (HPMS) and Standard Products (SP). The Company sells two categories of products, High Performance Mixed Signal product solutions and Standard Products. The HPMS segment offers semiconductors and system solutions. The SP segment consists of devices, which can be incorporated in many different types of electronics equipment and, which are sold to a range of customers, both directly and through distributors.

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