Evercore ISI Initiates Coverage on NXP Semiconductors (NASDAQ:NXPI)

Evercore ISI initiated coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report released on Tuesday morning, Marketbeat reports. The brokerage issued an outperform rating and a $300.00 price objective on the semiconductor provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Susquehanna boosted their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a neutral rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. upped their target price on shares of NXP Semiconductors from $220.00 to $240.00 and gave the stock a neutral rating in a research report on Wednesday, February 7th. Stifel Nicolaus upped their target price on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a hold rating in a research report on Tuesday, January 2nd. Truist Financial upped their target price on shares of NXP Semiconductors from $264.00 to $265.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. Finally, Cantor Fitzgerald upped their target price on shares of NXP Semiconductors from $270.00 to $290.00 and gave the stock an overweight rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, NXP Semiconductors currently has a consensus rating of Moderate Buy and an average target price of $242.29.

NXP Semiconductors Price Performance

Shares of NASDAQ:NXPI opened at $219.35 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 fifty-two week low of $155.31 and a fifty-two week high of $264.26. The firm has a 50-day simple moving average of $241.76 and a 200 day simple moving average of $218.42. The company has a market cap of $56.18 billion, a PE ratio of 20.48, a P/E/G ratio of 0.86 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings data 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 net margin of 21.07% and a return on equity of 38.94%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. On average, sell-side analysts anticipate that NXP Semiconductors will post 12.28 EPS for the current year.

NXP Semiconductors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.85%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is presently 37.91%.

Institutional Trading of NXP Semiconductors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lincoln National Corp lifted its stake in NXP Semiconductors by 1.9% during the fourth quarter. Lincoln National Corp now owns 2,473 shares of the semiconductor provider’s stock valued at $568,000 after purchasing an additional 46 shares during the last quarter. RFG Advisory LLC lifted its stake in NXP Semiconductors by 1.6% during the first quarter. RFG Advisory LLC now owns 2,987 shares of the semiconductor provider’s stock valued at $740,000 after purchasing an additional 47 shares during the last quarter. IMPACTfolio LLC lifted its stake in NXP Semiconductors by 4.3% during the fourth quarter. IMPACTfolio LLC now owns 1,189 shares of the semiconductor provider’s stock valued at $273,000 after purchasing an additional 49 shares during the last quarter. FinTrust Capital Advisors LLC lifted its stake in NXP Semiconductors by 75.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Finally, Northwest Investment Counselors LLC lifted its stake in NXP Semiconductors by 12.1% during the third quarter. Northwest Investment Counselors LLC now owns 462 shares of the semiconductor provider’s stock valued at $92,000 after purchasing an additional 50 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

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.