Citigroup Upgrades NXP Semiconductors (NASDAQ:NXPI) to Neutral

NXP Semiconductors (NASDAQ:NXPI) was upgraded by Citigroup from a “sell” rating to a “neutral” rating in a research report issued on Wednesday,Finviz reports. The brokerage currently has a $210.00 target price on the semiconductor provider’s stock, up from their prior target price of $200.00. Citigroup’s price target suggests a potential upside of 3.75% from the company’s previous close.

NXPI has been the topic of a number of other research reports. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Needham & Company LLC cut their price objective on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. TD Cowen decreased their target price on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their price target for the stock from $260.00 to $257.00 in a report on Friday, January 10th. Finally, UBS Group decreased their target price on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and an average target price of $269.35.

NXP Semiconductors Trading Down 1.1 %

Shares of NXP Semiconductors 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 quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $215.21 and its 200-day moving average is $230.83. The stock has a market cap of $51.44 billion, a P/E ratio of 19.31, a P/E/G ratio of 3.14 and a beta of 1.46.

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

Institutional Trading of NXP Semiconductors

A number of hedge funds have recently bought and sold shares of the business. ORG Wealth Partners LLC increased its holdings in NXP Semiconductors by 915.4% in the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after acquiring an additional 119 shares during the last quarter. Sound Income Strategies LLC lifted its stake in NXP Semiconductors by 169.2% in the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares in the last quarter. FSA Wealth Management LLC purchased a new position in NXP Semiconductors during the third quarter worth about $33,000. Brooklyn Investment Group raised its position in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in shares of NXP Semiconductors by 52.4% in the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after purchasing an additional 75 shares in the last quarter. 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.