NXP Semiconductors (NASDAQ:NXPI) Receives New Coverage from Analysts at Evercore ISI

Analysts at Evercore ISI began coverage on shares of NXP Semiconductors (NASDAQ:NXPI - Get Free Report) in a note issued to investors on Tuesday, Marketbeat reports. The firm set an "outperform" rating and a $300.00 price target on the semiconductor provider's stock. Evercore ISI's target price points to a potential upside of 30.05% from the company's previous close.

NXPI has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price target on NXP Semiconductors from $220.00 to $240.00 and gave the company a "neutral" rating in a research report on Wednesday, February 7th. Truist Financial upped their target price on NXP Semiconductors from $264.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Stifel Nicolaus upped their target price on NXP Semiconductors from $190.00 to $210.00 and gave the stock a "hold" rating in a report on Tuesday, January 2nd. Wolfe Research upgraded NXP Semiconductors from a "peer perform" rating to an "outperform" rating and set a $255.00 target price on the stock in a report on Thursday, January 18th. Finally, Mizuho upped their target price on NXP Semiconductors from $220.00 to $225.00 and gave the stock a "neutral" rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $242.29.

NXP Semiconductors Trading Up 0.2 %

Shares of NASDAQ NXPI traded up $0.57 during midday trading on Tuesday, reaching $230.68. The company had a trading volume of 1,652,686 shares, compared to its average volume of 2,314,250. NXP Semiconductors has a one year low of $155.31 and a one year high of $264.26. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The firm's fifty day moving average price is $241.82 and its 200-day moving average price is $218.35. The stock has a market cap of $59.16 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts' consensus estimates of $3.33 by $0.04. NXP Semiconductors had a return on equity of 38.94% and a net margin of 21.07%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.40 billion. On average, equities research analysts anticipate that NXP Semiconductors will post 12.28 earnings per share for the current year.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC purchased a new stake in NXP Semiconductors in the first quarter worth approximately $25,000. Operose Advisors LLC bought a new position in NXP Semiconductors in the third quarter worth approximately $26,000. FinTrust Capital Advisors LLC raised its position in NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider's stock worth $26,000 after acquiring an additional 49 shares during the period. Live Oak Investment Partners bought a new position in NXP Semiconductors in the fourth quarter worth approximately $26,000. Finally, Fortis Capital Advisors LLC bought a new position in NXP Semiconductors in the fourth quarter worth approximately $27,000. Hedge funds and other 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.