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

NXP Semiconductors (NASDAQ:NXPI) had its price objective upped by Citigroup from $150.00 to $220.00 in a research report released on Monday, Benzinga reports. Citigroup currently has a sell rating on the semiconductor provider’s stock.

Other research analysts also recently issued research reports about the company. StockNews.com raised NXP Semiconductors from a hold rating to a buy rating in a research note on Wednesday, May 8th. Wells Fargo & Company lifted their price target on shares of NXP Semiconductors from $285.00 to $305.00 and gave the company an overweight rating in a report on Wednesday, May 22nd. Jefferies Financial Group began coverage on shares of NXP Semiconductors in a research note on Monday, May 13th. They issued a buy rating and a $325.00 price objective for the company. Evercore ISI raised their price objective on shares of NXP Semiconductors from $300.00 to $370.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC upped their target price on shares of NXP Semiconductors from $250.00 to $280.00 and gave the stock a buy rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $276.92.

NXP Semiconductors Trading Down 5.0 %

NASDAQ:NXPI opened at $276.29 on Monday. The stock has a market cap of $70.64 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.64 and a beta of 1.49. The company has a quick ratio of 1.64, a current ratio of 2.35 and a debt-to-equity ratio of 1.11. The company’s 50 day moving average price is $272.73 and its 200-day moving average price is $247.53. NXP Semiconductors has a 52 week low of $167.21 and a 52 week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, April 29th. The semiconductor provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.78 by $0.07. NXP Semiconductors had a return on equity of 37.65% and a net margin of 21.24%. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.13 billion. On average, equities research analysts forecast that NXP Semiconductors will post 12.47 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Thursday, June 13th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is 37.40%.

Insider Transactions at NXP Semiconductors

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

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds have recently modified their holdings of NXPI. Comprehensive Financial Consultants Institutional Inc. boosted its stake in NXP Semiconductors by 4.6% during the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 8,905 shares of the semiconductor provider’s stock worth $2,396,000 after purchasing an additional 389 shares during the period. Westside Investment Management Inc. boosted its stake in shares of NXP Semiconductors by 13.5% during the second quarter. Westside Investment Management Inc. now owns 624 shares of the semiconductor provider’s stock worth $168,000 after buying an additional 74 shares during the period. SOA Wealth Advisors LLC. grew its holdings in shares of NXP Semiconductors by 328.1% during the second quarter. SOA Wealth Advisors LLC. now owns 411 shares of the semiconductor provider’s stock worth $111,000 after buying an additional 315 shares during the last quarter. J.Safra Asset Management Corp increased its position in NXP Semiconductors by 618.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 388 shares of the semiconductor provider’s stock valued at $104,000 after acquiring an additional 334 shares during the period. Finally, Patrick M Sweeney & Associates Inc. purchased a new stake in NXP Semiconductors during the 2nd quarter valued at approximately $219,000. 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.