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

NXP Semiconductors (NASDAQ:NXPI) had its price objective decreased by analysts at Citigroup from $290.00 to $220.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor provider’s stock. Citigroup’s price target would indicate a potential upside of 30.34% from the stock’s current price.

NXPI has been the topic of several other research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of NXP Semiconductors in a research report on Tuesday, February 4th. Susquehanna lowered their price target on shares of NXP Semiconductors from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Truist Financial increased their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Arete Research upgraded NXP Semiconductors to a “strong-buy” rating in a research note on Tuesday, March 25th. Finally, Mizuho increased their price target on NXP Semiconductors from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $263.50.

NXP Semiconductors Trading Up 1.9 %

Shares of NXP Semiconductors stock opened at $168.79 on Friday. The firm has a market cap of $42.81 billion, a PE ratio of 17.35, a P/E/G 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 debt-to-equity ratio of 1.09, a current ratio of 2.36 and a quick ratio of 1.60. The stock has a fifty day moving average price of $205.37 and a 200-day moving average price of $217.20.

Insider Transactions at NXP Semiconductors

In other news, COO Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction on Monday, March 17th. The shares were sold at an average price of $204.86, for a total transaction of $204,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,828 shares of the company’s stock, valued at approximately $1,808,504.08. The trade was a 10.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by insiders.

Hedge Funds Weigh In On NXP Semiconductors

Several institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of NXP Semiconductors in the fourth quarter worth approximately $672,224,000. Van ECK Associates Corp boosted its position in 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 acquiring an additional 824,317 shares in the last quarter. Voloridge Investment Management LLC boosted its position in NXP Semiconductors by 131.4% during the 4th quarter. Voloridge Investment Management LLC now owns 1,025,517 shares of the semiconductor provider’s stock valued at $213,154,000 after acquiring an additional 582,317 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of NXP Semiconductors by 26,732.0% during the 1st quarter. GAMMA Investing LLC now owns 583,864 shares of the semiconductor provider’s stock worth $110,969,000 after acquiring an additional 581,688 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of NXP Semiconductors by 1,172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 555,189 shares of the semiconductor provider’s stock worth $115,396,000 after acquiring an additional 511,553 shares in the last quarter. 90.54% of the stock is currently owned by 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.