NXP Semiconductors NV (NXPI) PT Raised to $208 at Jefferies

February 3, 2021 7:53 AM EST
Get Alerts NXPI Hot Sheet
Price: $199.75 -0.69%

Rating Summary:
    24 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 10 | New: 13
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Jefferies analyst Mark Lipacis raised the price target on NXP Semiconductors NV (NASDAQ: NXPI) to $208.00 (from $184.00) while maintaining a Buy rating.

The analyst commented, "4Q Revs/GM beat consensus by 2%/23bps, and non-GAAP EPS were 5% above the Street.1Q21 outlook for Revs/GM is 10% and 56bps above consensus, translating to 1Q21 non-GAAP EPS that is 22% above consensus. NXPI visibility is excellent, and we expect GMsexpand by 210bps to 55% by 2H21. We also expect Net Capital Return of $3.8bn in 2021vs $1bn in 2020, which we expect will translate to P/E Multiple expansion. Reiterate Buy."

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