NXP Semiconductors (NASDAQ:NXPI) Receives Outperform Rating from Evercore ISI

NXP Semiconductors (NASDAQ:NXPI - Get Free Report)'s stock had its "outperform" rating reissued by Evercore ISI in a research report issued on Thursday, Marketbeat reports. They currently have a $289.00 price objective on the semiconductor provider's stock, up from their prior price objective of $237.00. Evercore ISI's price target indicates a potential upside of 33.58% from the stock's current price.

Several other brokerages also recently commented on NXPI. Stifel Nicolaus cut their target price on NXP Semiconductors from $210.00 to $170.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley set a $229.00 target price on NXP Semiconductors in a research note on Monday, April 21st. Needham & Company LLC cut their target price on NXP Semiconductors from $230.00 to $225.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Mizuho increased their target price on NXP Semiconductors from $240.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Truist Financial lifted their price objective on NXP Semiconductors from $245.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, NXP Semiconductors has a consensus rating of "Moderate Buy" and a consensus target price of $244.78.

NXP Semiconductors Trading Up 2.6%

NASDAQ:NXPI traded up $5.45 during mid-day trading on Thursday, reaching $216.35. 340,093 shares of the company's stock traded hands, compared to its average volume of 2,719,717. NXP Semiconductors has a 12-month low of $148.09 and a 12-month 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 company has a 50 day moving average price of $192.58 and a 200-day moving average price of $205.03. The firm has a market capitalization of $54.66 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 3.01 and a beta of 1.39.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor provider reported $2.64 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.05. NXP Semiconductors had a return on equity of 31.45% and a net margin of 19.90%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the business earned $3.24 EPS. The business's revenue for the quarter was down 9.3% on a year-over-year basis. On average, sell-side analysts predict that NXP Semiconductors will post 10.28 earnings per share for the current year.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors have recently made changes to their positions in the company. Smithfield Trust Co bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $32,000. Runnymede Capital Advisors Inc. bought a new stake in shares of NXP Semiconductors in the 4th quarter valued at about $32,000. Hemington Wealth Management raised its holdings in shares of NXP Semiconductors by 50.0% in the 1st quarter. Hemington Wealth Management now owns 177 shares of the semiconductor provider's stock valued at $33,000 after purchasing an additional 59 shares in the last quarter. Valley National Advisers Inc. raised its holdings in shares of NXP Semiconductors by 118.9% in the 1st quarter. Valley National Advisers Inc. now owns 232 shares of the semiconductor provider's stock valued at $43,000 after purchasing an additional 126 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new position in shares of NXP Semiconductors in the 4th quarter worth approximately $44,000. Institutional investors own 90.54% of the company's stock.

NXP Semiconductors Company Profile

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.