Smart Money Is Betting Big In NXPI Options

Investors with a lot of money to spend have taken a bullish stance on NXP Semiconductors NXPI.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NXPI, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 35 uncommon options trades for NXP Semiconductors.

This isn't normal.

The overall sentiment of these big-money traders is split between 51% bullish and 48%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $387,520, and 32 are calls, for a total amount of $2,919,579.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $230.0 to $370.0 for NXP Semiconductors during the past quarter.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for NXP Semiconductors's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of NXP Semiconductors's whale activity within a strike price range from $230.0 to $370.0 in the last 30 days.

NXP Semiconductors Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About NXP Semiconductors

NXP Semiconductors is a leading supplier of high-performance mixed-signal products. The firm acquired Freescale Semiconductor in 2015 and now has significant market share in the automotive market, where it supplies microcontrollers and analog chips into automotive clusters, powertrains, infotainment systems, and radars. NXP Semiconductors also serves industrial and Internet of Things, mobile, and communications infrastructure.

Where Is NXP Semiconductors Standing Right Now?

• Trading volume stands at 678,091, with NXPI's price up by 0.64%, positioned at $252.87.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 53 days.

Expert Opinions on NXP Semiconductors

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $254.0.

• Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on NXP Semiconductors with a target price of $240.
• Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for NXP Semiconductors, targeting a price of $265.
• An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $270.
• In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $270.
• An analyst from Susquehanna has decided to maintain their Neutral rating on NXP Semiconductors, which currently sits at a price target of $225.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for NXP Semiconductors, Benzinga Pro gives you real-time options trades alerts.