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

NXP Semiconductors (NASDAQ:NXPI) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Thursday,Briefing.com Automated Import reports. The brokerage presently has a $290.00 target price on the semiconductor provider’s stock, up from their previous target price of $210.00. Citigroup’s price target indicates a potential upside of 18.09% from the stock’s current price.

Other analysts also recently issued reports about the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 4th. Stifel Nicolaus lowered their price target on NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $260.00 to $257.00 in a research report on Friday, January 10th. TD Cowen decreased their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Morgan Stanley raised shares of NXP Semiconductors from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $231.00 to $257.00 in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors has a consensus rating of “Moderate Buy” and a consensus target price of $268.75.

NXP Semiconductors Trading Up 7.3 %

NXPI stock opened at $245.58 on Thursday. The company has a market cap of $62.42 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.80 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.36 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $213.90 and a 200-day simple moving average of $227.86. NXP Semiconductors has a 52 week low of $198.21 and a 52 week high of $296.08.

Institutional Investors Weigh In On NXP Semiconductors

A number of institutional investors have recently modified their holdings of NXPI. Eastern Bank acquired a new stake in shares of NXP Semiconductors during the 3rd quarter valued at $419,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of NXP Semiconductors by 38.6% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,480 shares of the semiconductor provider’s stock valued at $356,000 after buying an additional 412 shares during the period. International Assets Investment Management LLC boosted its stake in shares of NXP Semiconductors by 24,533.2% during the 3rd quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after buying an additional 512,253 shares during the period. Patrick M Sweeney & Associates Inc. raised its holdings in shares of NXP Semiconductors by 6.4% during the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 864 shares of the semiconductor provider’s stock valued at $207,000 after purchasing an additional 52 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of NXP Semiconductors by 40.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,318 shares of the semiconductor provider’s stock valued at $556,000 after purchasing an additional 666 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

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.