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

NXP Semiconductors (NASDAQ:NXPI) was upgraded by Citigroup from a “sell” rating to a “neutral” rating in a report released on Wednesday, MarketBeat.com reports. The brokerage presently has a $210.00 target price on the semiconductor provider’s stock, up from their prior target price of $200.00. Citigroup’s target price points to a potential downside of 3.15% from the company’s previous close.

Several other analysts have also commented on the company. Truist Financial cut their price objective on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Loop Capital assumed coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 target price on the stock. Evercore ISI lowered their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Oppenheimer lowered their target price on NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Citic Securities began coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $263.15.

NXP Semiconductors Stock Up 1.7 %

NXP Semiconductors stock opened at $216.82 on Wednesday. The firm has a market cap of $55.11 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 3.14 and a beta of 1.46. The stock has a fifty day simple moving average of $214.42 and a two-hundred day simple moving average of $230.24. 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.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC lifted its holdings in NXP Semiconductors by 915.4% in the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. Sound Income Strategies LLC raised its position in NXP Semiconductors by 169.2% in the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock valued at $29,000 after purchasing an additional 88 shares during the period. Smithfield Trust Co purchased a new stake in NXP Semiconductors in the fourth quarter valued at approximately $32,000. FSA Wealth Management LLC purchased a new stake in NXP Semiconductors in the third quarter valued at approximately $33,000. Finally, Brooklyn Investment Group raised its position in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after purchasing an additional 66 shares during the period. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile

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.