NXP Semiconductors (NASDAQ:NXPI) Coverage Initiated at Evercore ISI

Equities research analysts at Evercore ISI started coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $300.00 price target on the semiconductor provider’s stock. Evercore ISI’s price target points to a potential upside of 32.21% from the stock’s current price.

Several other brokerages also recently commented on NXPI. Susquehanna lifted their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Mizuho boosted their price objective on shares of NXP Semiconductors from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Tuesday. Truist Financial boosted their price objective on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Stock Down 1.6 %

Shares of NASDAQ NXPI opened at $226.92 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. NXP Semiconductors has a 52 week low of $155.31 and a 52 week high of $264.26. The firm’s fifty day moving average is $241.93 and its 200 day moving average is $218.41. The company has a market cap of $58.20 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 0.87 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. On average, equities research analysts expect that NXP Semiconductors will post 12.28 earnings per share for the current year.

Hedge Funds Weigh In On NXP Semiconductors

A number of hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in NXP Semiconductors during the 1st quarter valued at about $25,000. Operose Advisors LLC bought a new position in NXP Semiconductors during the 3rd quarter valued at about $26,000. FinTrust Capital Advisors LLC lifted its stake in NXP Semiconductors by 75.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after acquiring an additional 49 shares during the period. Live Oak Investment Partners bought a new position in NXP Semiconductors during the 4th quarter valued at about $26,000. Finally, Fortis Capital Advisors LLC bought a new position in NXP Semiconductors during the 4th quarter valued at about $27,000. Institutional investors 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.