Citigroup Has Lowered Expectations for NXP Semiconductors (NASDAQ:NXPI) Stock Price

NXP Semiconductors (NASDAQ:NXPI) had its price objective cut by equities researchers at Citigroup from $290.00 to $220.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor provider’s stock. Citigroup’s target price indicates a potential upside of 30.34% from the stock’s current price.

A number of other brokerages have also recently commented on NXPI. Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of NXP Semiconductors in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price target on NXP Semiconductors from $260.00 to $240.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Susquehanna dropped their target price on NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. StockNews.com cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus dropped their price target on shares of NXP Semiconductors from $231.00 to $210.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NXP Semiconductors has an average rating of “Moderate Buy” and a consensus target price of $263.50.

NXP Semiconductors Price Performance

Shares of NXPI traded up $3.20 during mid-day trading on Friday, hitting $168.79. 5,168,629 shares of the company were exchanged, compared to its average volume of 2,563,908. The stock has a market cap of $42.81 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 3.01 and a beta of 1.40. NXP Semiconductors has a 1-year low of $148.09 and a 1-year high of $296.08. The company has a 50 day moving average of $206.04 and a 200-day moving average of $217.66. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.60 and a current ratio of 2.36.

Insider Activity

In related news, COO Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $204.86, for a total value of $204,860.00. Following the sale, the chief operating officer now owns 8,828 shares of the company’s stock, valued at $1,808,504.08. This trade represents a 10.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds and other institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC grew its stake in shares of NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 88 shares during the last quarter. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors during the 4th quarter worth about $32,000. Runnymede Capital Advisors Inc. purchased a new position in shares of NXP Semiconductors in the 4th quarter valued at about $32,000. Finally, Brooklyn Investment Group raised its position in shares of NXP Semiconductors by 69.5% during the 4th quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 66 shares in the last quarter. 90.54% of the stock is currently owned by institutional investors and hedge funds.

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.