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

NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “overweight” rating reiterated by investment analysts at Cantor Fitzgerald in a research note issued on Tuesday,Benzinga reports. They currently have a $250.00 price target on the semiconductor provider’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 17.24% from the company’s previous close.

Several other research analysts also recently weighed in on the company. StockNews.com downgraded NXP Semiconductors from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Citic Securities began coverage on shares of NXP Semiconductors in a research note on Friday, October 11th. They issued a $288.00 price objective on the stock. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research note on Friday, October 18th. Stifel Nicolaus lowered their target price on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a report on Thursday, October 17th. Finally, Wells Fargo & Company assumed coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They set an “overweight” rating and a $250.00 price target for the company. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $263.15.

NXP Semiconductors Stock Up 5.4 %

NXPI stock opened at $213.24 on Tuesday. The company has a market cap of $54.20 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. The company has a fifty day moving average price of $214.68 and a 200 day moving average price of $230.36. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. NXP Semiconductors has a 12 month low of $198.21 and a 12 month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.31 earnings per share. Sell-side analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

Hedge Funds Weigh In On NXP Semiconductors

A number of institutional investors have recently made changes to their positions in NXPI. ORG Wealth Partners LLC increased its position in NXP Semiconductors by 915.4% during the 4th quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of NXP Semiconductors by 169.2% during the fourth quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after buying an additional 88 shares in the last quarter. FSA Wealth Management LLC purchased a new position in shares of NXP Semiconductors during the third quarter valued at approximately $33,000. Brooklyn Investment Group boosted its position in NXP Semiconductors by 69.5% during the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after acquiring an additional 66 shares during the last quarter. Finally, Fortitude Family Office LLC grew its stake in NXP Semiconductors by 52.4% in the 4th quarter. Fortitude Family Office LLC now owns 218 shares of the semiconductor provider’s stock worth $45,000 after acquiring an additional 75 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.