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 reports. The firm presently has a $210.00 price target on the semiconductor provider’s stock, up from their previous price target of $200.00. Citigroup’s price objective points to a potential downside of 3.15% from the company’s current price.

A number of other brokerages have also commented on NXPI. Loop Capital began coverage on NXP Semiconductors in a research note on Monday, November 11th. They set a “buy” rating and a $300.00 price target on the stock. Truist Financial decreased 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. Needham & Company LLC decreased their price objective on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Stifel Nicolaus decreased their price target on NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a report on Thursday, October 17th. Finally, Citic Securities started coverage on NXP Semiconductors in a research report on Friday, October 11th. They issued a $288.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.15.

NXP Semiconductors Stock Up 1.7 %

NXPI stock opened at $216.82 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a fifty-two week low of $198.21 and a fifty-two week high of $296.08. The stock has a market capitalization 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 business’s fifty day moving average price is $214.42 and its two-hundred day moving average price is $230.24.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the business earned $3.31 earnings per share. NXP Semiconductors’s revenue was down 5.4% on a year-over-year basis. On average, equities analysts anticipate that NXP Semiconductors will post 11.33 earnings per share for the current year.

Institutional Investors Weigh In On NXP Semiconductors

Several institutional investors and hedge funds have recently bought and sold shares of NXPI. Algert Global LLC purchased a new stake in NXP Semiconductors in the 2nd quarter worth approximately $331,000. Czech National Bank lifted its stake in shares of NXP Semiconductors by 6.6% in the 3rd quarter. Czech National Bank now owns 51,891 shares of the semiconductor provider’s stock valued at $12,454,000 after purchasing an additional 3,198 shares during the period. GAMMA Investing LLC lifted its stake in shares of NXP Semiconductors by 16.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,235 shares of the semiconductor provider’s stock valued at $536,000 after purchasing an additional 318 shares during the period. Diversified Trust Co lifted its stake in shares of NXP Semiconductors by 57.5% in the 3rd quarter. Diversified Trust Co now owns 5,051 shares of the semiconductor provider’s stock valued at $1,212,000 after purchasing an additional 1,843 shares during the period. Finally, Mather Group LLC. lifted its stake in shares of NXP Semiconductors by 43.5% in the 3rd quarter. Mather Group LLC. now owns 812 shares of the semiconductor provider’s stock valued at $195,000 after purchasing an additional 246 shares during the period. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.