Cantor Fitzgerald Reiterates “Overweight” Rating for NXP Semiconductors (NASDAQ:NXPI)

NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “overweight” rating reaffirmed by research analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They currently have a $270.00 target price on the semiconductor provider’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 20.19% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research report on Friday, October 18th. UBS Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $275.00 to $285.00 in a research report on Monday, October 7th. Stifel Nicolaus cut their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating for the company in a research report on Thursday, October 17th. Citigroup boosted their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the company a “sell” rating in a research report on Monday, July 15th. Finally, Citic Securities initiated coverage on shares of NXP Semiconductors in a research report on Friday, October 11th. They set a $288.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $286.40.

NXP Semiconductors Price Performance

Shares of NASDAQ NXPI opened at $224.65 on Monday. NXP Semiconductors has a twelve month low of $178.19 and a twelve month high of $296.08. The firm has a market cap of $57.23 billion, a P/E ratio of 21.00, a PEG ratio of 2.59 and a beta of 1.49. The company has a 50 day moving average of $236.74 and a 200 day moving average of $253.34. 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 (NASDAQ:NXPI) last announced 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. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the business earned $3.31 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, research analysts expect 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 company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now directly owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Institutional Trading of NXP Semiconductors

Several hedge funds have recently made changes to their positions in NXPI. Private Advisor Group LLC raised its position in shares of NXP Semiconductors by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 14,232 shares of the semiconductor provider’s stock valued at $3,526,000 after buying an additional 595 shares in the last quarter. Graypoint LLC purchased a new stake in NXP Semiconductors in the 1st quarter worth about $226,000. Financial Counselors Inc. raised its position in NXP Semiconductors by 11.2% in the 1st quarter. Financial Counselors Inc. now owns 2,434 shares of the semiconductor provider’s stock worth $603,000 after purchasing an additional 245 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in NXP Semiconductors by 4.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,235 shares of the semiconductor provider’s stock worth $802,000 after purchasing an additional 132 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new stake in NXP Semiconductors in the 1st quarter worth about $54,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

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.