NXP Semiconductors (NASDAQ:NXPI) Rating Increased to Neutral at Citigroup

Citigroup upgraded shares of NXP Semiconductors (NASDAQ:NXPI) from a sell rating to a neutral rating in a research report report published on Wednesday, MarketBeat Ratings reports. Citigroup currently has $210.00 price objective on the semiconductor provider’s stock, up from their prior price objective of $200.00.

Other equities analysts have also issued research reports about the stock. Loop Capital started coverage on shares of NXP Semiconductors in a report on Monday, November 11th. They issued a “buy” rating and a $300.00 target price on the stock. The Goldman Sachs Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $260.00 to $257.00 in a research note on Friday, January 10th. Mizuho set a $290.00 target price on NXP Semiconductors in a research note on Friday, October 18th. Evercore ISI lowered their target price on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Needham & Company LLC cut their price target on NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.15.

NXP Semiconductors Trading Up 5.4 %

Shares of NXPI stock opened at $213.24 on Wednesday. NXP Semiconductors has a 1-year low of $198.21 and a 1-year high of $296.08. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99. The stock has a market cap of $54.20 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 3.14 and a beta of 1.46. The stock has a 50-day moving average of $214.68 and a 200-day moving average of $230.36.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the firm posted $3.31 EPS. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities research analysts forecast that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is currently 41.62%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of NXP Semiconductors by 1.3% during the third quarter. State Street Corp now owns 10,675,415 shares of the semiconductor provider’s stock valued at $2,572,694,000 after acquiring an additional 139,641 shares during the last quarter. Geode Capital Management LLC grew its stake in NXP Semiconductors by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,145,932 shares of the semiconductor provider’s stock valued at $1,231,533,000 after purchasing an additional 57,762 shares during the period. Franklin Resources Inc. increased its position in shares of NXP Semiconductors by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 4,459,689 shares of the semiconductor provider’s stock valued at $1,063,322,000 after purchasing an additional 93,129 shares during the last quarter. Van ECK Associates Corp increased its position in shares of NXP Semiconductors by 27.1% during the 4th quarter. Van ECK Associates Corp now owns 3,865,446 shares of the semiconductor provider’s stock valued at $803,432,000 after purchasing an additional 824,317 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of NXP Semiconductors by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,730,933 shares of the semiconductor provider’s stock worth $655,453,000 after buying an additional 20,145 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.