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

Evercore ISI began coverage on shares of NXP Semiconductors (NASDAQ:NXPI) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage issued an outperform rating and a $300.00 price objective on the semiconductor provider’s stock.

Other research analysts have also issued research reports about the company. Stifel Nicolaus increased their price target on NXP Semiconductors from $190.00 to $210.00 and gave the stock a hold rating in a report on Tuesday, January 2nd. Susquehanna increased their price target on NXP Semiconductors from $200.00 to $225.00 and gave the stock a neutral rating in a report on Wednesday, February 7th. Barclays upgraded NXP Semiconductors from an equal weight rating to an overweight rating and increased their price target for the stock from $200.00 to $260.00 in a report on Tuesday, January 16th. TD Cowen increased their price target on NXP Semiconductors from $270.00 to $300.00 and gave the stock an outperform rating in a report on Tuesday, March 12th. Finally, JPMorgan Chase & Co. increased their price target on NXP Semiconductors from $220.00 to $240.00 and gave the stock a neutral rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, NXP Semiconductors presently has an average rating of Moderate Buy and a consensus target price of $242.29.

NXP Semiconductors Trading Down 1.9 %

NASDAQ NXPI opened at $215.12 on Tuesday. The business has a 50 day simple moving average of $241.39 and a 200 day simple moving average of $218.52. NXP Semiconductors has a one year low of $155.31 and a one year high of $264.26. The stock has a market capitalization of $55.09 billion, a P/E ratio of 20.09, a P/E/G ratio of 0.83 and a beta of 1.59. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.91 and a quick ratio of 1.39.

NXP Semiconductors (NASDAQ:NXPI) last released its earnings results on Monday, February 5th. The semiconductor provider reported $3.37 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.40 billion. Research analysts expect that NXP Semiconductors will post 12.28 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 21st were given a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Wednesday, March 20th. NXP Semiconductors’s dividend payout ratio is currently 37.91%.

Institutional Trading of NXP Semiconductors

Large investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in NXP Semiconductors in the first quarter worth $25,000. FinTrust Capital Advisors LLC increased 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 buying an additional 49 shares during the last quarter. Operose Advisors LLC purchased a new position in shares of NXP Semiconductors in the third quarter valued at $26,000. Valley National Advisers Inc. grew its position in shares of NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares in the last quarter. Finally, BluePath Capital Management LLC purchased a new position in shares of NXP Semiconductors in the third quarter valued at $28,000. 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.