NXP Semiconductors (NASDAQ:NXPI) Stock Rating Upgraded by Citigroup

NXP Semiconductors (NASDAQ:NXPI) was upgraded by equities research analysts at Citigroup from a “sell” rating to a “neutral” rating in a research note issued to investors on Wednesday,Finviz reports. The brokerage currently has a $210.00 price target on the semiconductor provider’s stock, up from their previous price target of $200.00. Citigroup’s price target would indicate a potential upside of 3.75% from the stock’s current price.

A number of other brokerages have also commented on NXPI. Morgan Stanley reduced their price target on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. StockNews.com downgraded shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a report on Friday, October 18th. Needham & Company LLC decreased their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Evercore ISI cut their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and an average target price of $269.35.

NXP Semiconductors Stock Performance

Shares of NXPI stock opened at $202.40 on Wednesday. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The company’s fifty day moving average price is $215.21 and its 200-day moving average price is $230.83. The stock has a market cap of $51.44 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. NXP Semiconductors’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.31 EPS. On average, equities analysts expect that NXP Semiconductors will post 11.33 EPS for the current fiscal year.

Institutional Trading of NXP Semiconductors

A number of institutional investors have recently bought and sold shares of NXPI. GDS Wealth Management grew its holdings in NXP Semiconductors by 7.7% during the 3rd quarter. GDS Wealth Management now owns 55,740 shares of the semiconductor provider’s stock valued at $13,378,000 after purchasing an additional 3,985 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of NXP Semiconductors in the third quarter worth approximately $13,445,000. Merit Financial Group LLC bought a new stake in shares of NXP Semiconductors during the 4th quarter worth approximately $360,000. Banque Cantonale Vaudoise boosted its holdings in NXP Semiconductors by 60.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 25,850 shares of the semiconductor provider’s stock valued at $6,204,000 after acquiring an additional 9,710 shares during the period. Finally, Austin Private Wealth LLC boosted its holdings in NXP Semiconductors by 140.6% during the 4th quarter. Austin Private Wealth LLC now owns 3,198 shares of the semiconductor provider’s stock valued at $665,000 after acquiring an additional 1,869 shares during the period. 90.54% of the stock is currently owned by institutional investors.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.