Evercore ISI Raises NXP Semiconductors (NASDAQ:NXPI) Price Target to $370.00

NXP Semiconductors (NASDAQ:NXPI) had its price objective lifted by Evercore ISI from $300.00 to $370.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an outperform rating on the semiconductor provider’s stock.

Other equities analysts have also issued reports about the stock. Susquehanna lifted their price objective on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a neutral rating in a report on Wednesday, February 7th. Oppenheimer lifted their price target on NXP Semiconductors from $250.00 to $295.00 and gave the company an outperform rating in a report on Wednesday. TD Cowen upped their price objective on NXP Semiconductors from $270.00 to $300.00 and gave the stock an outperform rating in a research note on Tuesday, March 12th. Mizuho lifted their target price on NXP Semiconductors from $225.00 to $265.00 and gave the company a neutral rating in a research note on Wednesday. Finally, Stifel Nicolaus increased their price target on shares of NXP Semiconductors from $190.00 to $210.00 and gave the company a hold rating in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, NXP Semiconductors has a consensus rating of Moderate Buy and a consensus price target of $257.72.

NXP Semiconductors Price Performance

NXPI opened at $257.85 on Wednesday. The company has a market capitalization of $65.93 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 0.94 and a beta of 1.54. The company has a current ratio of 2.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.11. NXP Semiconductors has a 12-month low of $161.23 and a 12-month high of $264.26. The business’s fifty day simple moving average is $242.58 and its 200-day simple moving average is $221.15.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 37.65%. On average, equities research analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 21st were issued a dividend of $1.014 per share. The ex-dividend date was Wednesday, March 20th. This represents a $4.06 annualized dividend and a dividend yield of 1.57%. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Institutional Investors Weigh In On NXP Semiconductors

Several hedge funds have recently added to or reduced their stakes in the business. WBI Investments LLC acquired a new position in NXP Semiconductors in the first quarter valued at approximately $5,532,000. Richardson Financial Services Inc. lifted its stake in shares of NXP Semiconductors by 5.4% in the 1st quarter. Richardson Financial Services Inc. now owns 2,516 shares of the semiconductor provider’s stock valued at $623,000 after purchasing an additional 128 shares during the period. Avidian Wealth Solutions LLC boosted its holdings in NXP Semiconductors by 2.1% during the first quarter. Avidian Wealth Solutions LLC now owns 3,000 shares of the semiconductor provider’s stock worth $743,000 after buying an additional 62 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in NXP Semiconductors during the first quarter valued at $5,287,000. Finally, Comprehensive Financial Consultants Institutional Inc. increased its holdings in NXP Semiconductors by 3.6% in the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 8,516 shares of the semiconductor provider’s stock valued at $2,110,000 after buying an additional 293 shares in the last quarter. 90.54% of the stock is 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.