NXP Semiconductors (NASDAQ:NXPI) Upgraded to “Buy” at Citigroup

Citigroup upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a neutral rating to a buy rating in a report published on Thursday morning, MarketBeat.com reports. They currently have $290.00 price target on the semiconductor provider’s stock, up from their previous price target of $210.00.

A number of other equities analysts have also recently commented on NXPI. JPMorgan Chase & Co. cut their price target on shares of NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Loop Capital began coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 price target for the company. Oppenheimer lowered their price target on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Barclays decreased their price target on shares of NXP Semiconductors from $280.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, UBS Group reduced their price objective on NXP Semiconductors from $285.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $267.00.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $245.86 on Thursday. The firm’s 50 day simple moving average is $214.47 and its 200 day simple moving average is $227.98. The company has a current ratio of 2.36, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $62.49 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08.

Institutional Trading of NXP Semiconductors

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Crumly & Associates Inc. increased its stake in shares of NXP Semiconductors by 2.0% during the third quarter. Crumly & Associates Inc. now owns 2,274 shares of the semiconductor provider’s stock valued at $546,000 after buying an additional 45 shares during the period. Ascent Group LLC lifted its holdings in shares of NXP Semiconductors by 0.4% during the third quarter. Ascent Group LLC now owns 12,498 shares of the semiconductor provider’s stock worth $3,000,000 after purchasing an additional 46 shares during the period. Central Bank & Trust Co. raised its position in NXP Semiconductors by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 4,412 shares of the semiconductor provider’s stock valued at $917,000 after acquiring an additional 48 shares in the last quarter. Parkside Financial Bank & Trust raised its position in NXP Semiconductors by 9.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 573 shares of the semiconductor provider’s stock valued at $119,000 after acquiring an additional 51 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. raised its position in NXP Semiconductors by 6.4% during the third quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock valued at $207,000 after acquiring an additional 52 shares in the last quarter. Hedge funds and other 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.