Citigroup Issues Positive Forecast for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI - Free Report) had its price objective upped by Citigroup from $210.00 to $275.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor provider's stock.

NXPI has been the topic of several other reports. Arete Research raised NXP Semiconductors to a "strong-buy" rating in a research report on Tuesday, March 25th. TD Cowen increased their price objective on NXP Semiconductors from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Stifel Nicolaus reduced their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Barclays dropped their price target on shares of NXP Semiconductors from $230.00 to $190.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley set a $229.00 price objective on shares of NXP Semiconductors in a research note on Monday, April 21st. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NXP Semiconductors presently has an average rating of "Moderate Buy" and a consensus price target of $251.63.

NXP Semiconductors Trading Up 1.2%

NXPI stock traded up $2.77 during mid-day trading on Monday, reaching $233.19. 1,948,099 shares of the stock traded hands, compared to its average volume of 2,768,303. The stock's fifty day moving average is $208.17 and its 200-day moving average is $205.35. The company has a market cap of $58.91 billion, a P/E ratio of 25.40, a P/E/G ratio of 2.87 and a beta of 1.40. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 1.10. NXP Semiconductors has a 52-week low of $148.09 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. NXP Semiconductors had a return on equity of 29.62% and a net margin of 19.16%. The business's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.24 EPS. As a group, sell-side analysts expect that NXP Semiconductors will post 10.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Wednesday, June 25th. NXP Semiconductors's dividend payout ratio (DPR) is presently 44.23%.

Insider Activity at NXP Semiconductors

In related news, EVP Jennifer Wuamett sold 9,132 shares of NXP Semiconductors stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $230.00, for a total transaction of $2,100,360.00. Following the sale, the executive vice president directly owned 27,088 shares of the company's stock, valued at $6,230,240. This trade represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.12% of the company's stock.

Institutional Trading of NXP Semiconductors

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in NXP Semiconductors in the fourth quarter worth about $672,224,000. Wellington Management Group LLP boosted its holdings in NXP Semiconductors by 11.7% during the first quarter. Wellington Management Group LLP now owns 12,731,044 shares of the semiconductor provider's stock valued at $2,419,662,000 after purchasing an additional 1,330,474 shares in the last quarter. Nuveen LLC acquired a new position in shares of NXP Semiconductors in the 1st quarter worth approximately $219,878,000. Price T Rowe Associates Inc. MD raised its holdings in shares of NXP Semiconductors by 33.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,342,675 shares of the semiconductor provider's stock worth $635,310,000 after buying an additional 839,113 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of NXP Semiconductors by 131.4% during the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider's stock worth $213,154,000 after buying an additional 582,317 shares during the period. 90.54% of the stock is currently owned by institutional investors.

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.