NXP Semiconductors (NASDAQ:NXPI) Now Covered by Analysts at Citic Securities

Analysts at Citic Securities assumed coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a note issued to investors on Friday. The brokerage set a $288.00 price target on the semiconductor provider’s stock. Citic Securities’ price target would indicate a potential upside of 21.46% from the stock’s current price.

Other analysts have also issued research reports about the company. Morgan Stanley decreased their price target on NXP Semiconductors from $275.00 to $271.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. UBS Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their target price for the stock from $275.00 to $285.00 in a report on Monday. Oppenheimer upped their price target on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Barclays raised their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Finally, Needham & Company LLC upped their target price on NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $291.40.

NXP Semiconductors Price Performance

Shares of NXPI stock traded up $0.94 during mid-day trading on Friday, hitting $237.11. The company had a trading volume of 87,807 shares, compared to its average volume of 2,261,019. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The stock’s 50 day moving average price is $239.83 and its 200-day moving average price is $253.23. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08. The company has a market capitalization of $60.40 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.58 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.38. The company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.04 earnings per share. Equities research analysts forecast that NXP Semiconductors will post 11.97 earnings per share for the current year.

Insider Activity at NXP Semiconductors

In other NXP Semiconductors news, insider Julie Southern acquired 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were purchased at an average price of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the purchase, the insider now directly owns 11,297 shares of the company’s stock, valued at $2,909,429.38. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Julie Southern bought 146 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were purchased at an average cost of $257.54 per share, with a total value of $37,600.84. Following the completion of the acquisition, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Institutional Trading of NXP Semiconductors

A number of institutional investors and hedge funds have recently made changes to their positions in NXPI. Future Financial Wealth Managment LLC purchased a new stake in shares of NXP Semiconductors during the first quarter worth about $25,000. Family Firm Inc. acquired a new position in shares of NXP Semiconductors during the second quarter valued at approximately $27,000. Addison Advisors LLC lifted its position in shares of NXP Semiconductors by 224.2% in the second quarter. Addison Advisors LLC now owns 107 shares of the semiconductor provider’s stock valued at $29,000 after acquiring an additional 74 shares in the last quarter. Valley National Advisers Inc. increased its position in shares of NXP Semiconductors by 71.2% during the second quarter. Valley National Advisers Inc. now owns 125 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Finally, Rise Advisors LLC purchased a new stake in shares of NXP Semiconductors during the first quarter worth approximately $35,000. 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.