NXP Semiconductors (NASDAQ:NXPI) Now Covered by Analysts at Evercore ISI

Analysts at Evercore ISI began coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $300.00 price target on the semiconductor provider’s stock. Evercore ISI’s target price indicates a potential upside of 32.21% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. StockNews.com upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research note on Tuesday. Wolfe Research upgraded NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price target on the stock in a research note on Thursday, January 18th. Susquehanna lifted their target price on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. Cantor Fitzgerald lifted their target price on NXP Semiconductors from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, Truist Financial lifted 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors presently has an average rating of “Moderate Buy” and an average price target of $242.29.

NXP Semiconductors Price Performance

Shares of NXPI stock opened at $226.92 on Tuesday. NXP Semiconductors has a fifty-two week low of $155.31 and a fifty-two week high of $264.26. The firm has a market capitalization of $58.20 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 0.87 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91. The stock’s 50-day simple moving average is $241.93 and its 200-day simple moving average is $218.41.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, topping 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 business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. As a group, equities analysts forecast that NXP Semiconductors will post 12.28 earnings per share for the current fiscal year.

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 in the first quarter valued at approximately $25,000. Operose Advisors LLC purchased a new stake in shares of NXP Semiconductors in the third quarter valued at approximately $26,000. FinTrust Capital Advisors LLC increased its position in shares of NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. Live Oak Investment Partners purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $26,000. Finally, Fortis Capital Advisors LLC purchased a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $27,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.