Evercore ISI Lowers NXP Semiconductors (NASDAQ:NXPI) Price Target to $315.00

NXP Semiconductors (NASDAQ:NXPI) had its target price reduced by research analysts at Evercore ISI from $370.00 to $315.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor provider’s stock. Evercore ISI’s price objective would suggest a potential upside of 33.41% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 price objective on shares of NXP Semiconductors in a research report on Monday. Truist Financial lowered their price objective on shares of NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating for the company in a research note on Wednesday. Citic Securities started coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price objective for the company. Barclays lowered their price objective on shares of NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Needham & Company LLC decreased their price target on shares of NXP Semiconductors from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.85.

NXP Semiconductors Trading Up 2.0 %

NASDAQ NXPI opened at $236.12 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. NXP Semiconductors has a 52 week low of $179.64 and a 52 week high of $296.08. The firm has a market cap of $60.15 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.57 and a beta of 1.49. The company has a 50 day moving average price of $236.43 and a 200 day moving average price of $253.19.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 34.11%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.31 earnings per share. As a group, sell-side analysts forecast that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the transaction, the executive vice president now directly owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. LMR Partners LLP acquired a new position in NXP Semiconductors during the third quarter worth about $240,000. Claro Advisors LLC boosted its position in shares of NXP Semiconductors by 24.1% in the 3rd quarter. Claro Advisors LLC now owns 2,022 shares of the semiconductor provider’s stock valued at $485,000 after purchasing an additional 393 shares during the period. AM Squared Ltd acquired a new position in shares of NXP Semiconductors in the 3rd quarter valued at $72,000. Maxwell Wealth Strategies Inc. boosted its position in shares of NXP Semiconductors by 40.1% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 11,838 shares of the semiconductor provider’s stock valued at $2,659,000 after purchasing an additional 3,386 shares during the period. Finally, Seelaus Asset Management LLC boosted its position in shares of NXP Semiconductors by 4.6% in the 3rd quarter. Seelaus Asset Management LLC now owns 2,616 shares of the semiconductor provider’s stock valued at $625,000 after purchasing an additional 115 shares during the period. 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.