ETFs Are Net Sellers of NXP Semiconductors (NXPI) on Nov. 9

This article first appeared on GuruFocus.

ETF flows pushed NXP Semiconductors (NXPI) to a second straight day of net selling in Monday's session, with a net $121.4 million sold. More ETFs traded the other way, as 24 funds bought versus 16 that sold, but the sellers moved larger amounts. The prior session on Nov. 6 saw a net $19.1 million sold, while Nov. 5 brought a net $7.6 million bought. ETF activity over the past five sessions has been mixed, with net buying on Nov. 3 and Nov. 5.

Warning! GuruFocus has detected 2 Warning Sign with NXPI.

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For the full record of ETF and guru buying and selling in NXPI, see the NXPI guru trades page.

Which ETFs sold NXPI on Monday?

The largest sellers by dollar value were SOXX ($133.8 million), JGLO ($22.4 million) and QTEC ($1.2 million). In all, 24 ETFs added shares and 16 cut them.

ETF

Shares changed

Value

Weight in ETF

SOXX

-521,763

-$133.8M

3.74%

JGLO

-87,349

-$22.4M

Sold out

QTEC

-4,551

-$1.2M

2.78%

XLK

-2,224

-$0.6M

0.42%

IXN

-2,054

-$0.5M

0.28%

RSPT

-1,900

-$0.5M

1.62%

SOXQ

-1,456

-$0.4M

3.38%

SSO

-767

-$0.2M

0.10%

SOXX drove the move, cutting 521,763 shares for a $133.8 million decline in value, a 7.97% reduction in its stake and 3.74% portfolio weight. JGLO shed 87,349 shares for a $22.4 million decline, exiting its position entirely. Smaller reductions came from QTEC, down $1.2 million, and XLK, down $0.6 million. NXP operates in the Technology sector's Semiconductors industry with a market cap of $65.9 billion.

Have ETFs been buying or selling NXPI lately?

Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.

Date

Net value

Buying

Selling

Nov. 9

-$121.4M

Nov. 6

-$19.1M

Nov. 5

$7.6M

Nov. 4

-$6.2M

Nov. 3

$25.6M

What does NXPI do?

NXP Semiconductors NV is a Dutch-American semiconductor company that designs and manufactures high-performance mixed-signal and analog chips. Its largest segment is automotive, where it supplies microcontrollers, processors, analog and interface devices, and secure connectivity for powertrains, infotainment, radar, and vehicle networking.

NXP reported trailing-12-month revenue of $13.80 billion, up 15.0% over one year, with gross margin of 55.7% and net margin of 23.7%. The stock trades at a P/E of 20.57, P/B of 5.45 and P/S of 4.81. Its GF Score is 93, and at a price of $261.56 it sits above the GF Value of $255.76. The dividend yield is 1.57%, and shares are up 22.08% year to date.