Citigroup Increases NXP Semiconductors (NASDAQ:NXPI) Price Target to $220.00

NXP Semiconductors (NASDAQ:NXPI) had its price target upped by equities research analysts at Citigroup from $150.00 to $220.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “sell” rating on the semiconductor provider’s stock. Citigroup’s price objective points to a potential downside of 24.34% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They issued a “buy” rating and a $325.00 price target on the stock. Cantor Fitzgerald increased their target price on shares of NXP Semiconductors from $290.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Oppenheimer increased their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. The Goldman Sachs Group increased their target price on shares of NXP Semiconductors from $240.00 to $275.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Finally, Morgan Stanley increased their target price on shares of NXP Semiconductors from $247.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $275.04.

NXP Semiconductors Trading Up 2.8 %

NASDAQ NXPI opened at $290.78 on Monday. NXP Semiconductors has a 1-year low of $167.21 and a 1-year high of $291.47. The company has a current ratio of 2.35, a quick ratio of 1.64 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $74.35 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49. The firm’s fifty day simple moving average is $272.41 and its 200-day simple moving average is $247.32.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Monday, April 29th. The semiconductor provider reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.13 billion. As a group, sell-side analysts anticipate that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, CEO Kurt Sievers sold 8,548 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the completion of the transaction, the chief executive officer now owns 177,889 shares in the company, valued at $49,052,891.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NXPI. Norges Bank bought a new position in NXP Semiconductors during the fourth quarter worth about $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after acquiring an additional 2,097,727 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of NXP Semiconductors by 17.3% in the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after acquiring an additional 1,909,898 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $164,044,000. Finally, Kodai Capital Management LP bought a new position in shares of NXP Semiconductors in the fourth quarter valued at approximately $125,319,000. Institutional investors own 90.54% of the company’s stock.

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.