Citigroup Increases NXP Semiconductors (NASDAQ:NXPI) Price Target to $275.00

NXP Semiconductors (NASDAQ:NXPI - Free Report) had its price target increased by Citigroup from $210.00 to $275.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the semiconductor provider's stock.

Several other equities research analysts have also commented on the stock. Stifel Nicolaus decreased their target price on shares of NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley set a $229.00 target price on shares of NXP Semiconductors in a research report on Monday, April 21st. Needham & Company LLC decreased their target price on shares of NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company boosted their target price on shares of NXP Semiconductors from $240.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Finally, UBS Group boosted their price objective on shares of NXP Semiconductors from $250.00 to $276.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $249.28.

NXP Semiconductors Stock Performance

NXPI traded down $6.10 during trading on Monday, hitting $226.00. The stock had a trading volume of 2,165,635 shares, compared to its average volume of 2,757,333. The firm has a market capitalization of $57.09 billion, a P/E ratio of 24.62, a PEG ratio of 2.89 and a beta of 1.40. NXP Semiconductors has a twelve month low of $148.09 and a twelve month high of $296.08. The company's 50-day moving average price is $206.25 and its 200 day moving average price is $204.99. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 2.09.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 EPS for the quarter, topping the consensus estimate of $2.59 by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. NXP Semiconductors had a net margin of 19.16% and a return on equity of 29.62%. The business's revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.24 EPS. On average, equities research analysts forecast that NXP Semiconductors will post 10.28 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a $1.014 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $4.06 dividend on an annualized basis and a yield of 1.79%. NXP Semiconductors's dividend payout ratio (DPR) is 44.23%.

Insider Transactions at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 9,132 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $230.00, for a total value of $2,100,360.00. Following the transaction, the executive vice president directly owned 27,088 shares in the company, valued at approximately $6,230,240. This represents a 25.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.12% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Greenfield Savings Bank lifted its holdings in NXP Semiconductors by 24.5% in the 2nd quarter. Greenfield Savings Bank now owns 1,674 shares of the semiconductor provider's stock valued at $366,000 after purchasing an additional 329 shares in the last quarter. Howard Financial Services LTD. increased its stake in shares of NXP Semiconductors by 5.1% during the 2nd quarter. Howard Financial Services LTD. now owns 1,768 shares of the semiconductor provider's stock valued at $386,000 after acquiring an additional 85 shares during the last quarter. Jacobs & Co. CA increased its stake in shares of NXP Semiconductors by 3.3% during the 2nd quarter. Jacobs & Co. CA now owns 25,730 shares of the semiconductor provider's stock valued at $5,621,000 after acquiring an additional 815 shares during the last quarter. Cullen Investment Group LTD. increased its stake in shares of NXP Semiconductors by 14.0% during the 2nd quarter. Cullen Investment Group LTD. now owns 11,903 shares of the semiconductor provider's stock valued at $2,601,000 after acquiring an additional 1,458 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of NXP Semiconductors by 16.8% during the 1st quarter. Voya Investment Management LLC now owns 474,874 shares of the semiconductor provider's stock valued at $90,255,000 after acquiring an additional 68,209 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other 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.