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

NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “overweight” rating reiterated by equities researchers at Cantor Fitzgerald in a research note issued to investors on Monday, Benzinga reports. They currently have a $270.00 target price on the semiconductor provider’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 20.19% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. UBS Group upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the stock from $275.00 to $285.00 in a research note on Monday, October 7th. Mizuho set a $290.00 target price on shares of NXP Semiconductors in a research note on Friday, October 18th. Needham & Company LLC increased their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Barclays increased their price objective on shares of NXP Semiconductors from $280.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Finally, Stifel Nicolaus dropped their price objective on shares of NXP Semiconductors from $275.00 to $260.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $286.40.

NXP Semiconductors Stock Performance

NXP Semiconductors stock opened at $224.65 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The firm has a market capitalization of $57.23 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.59 and a beta of 1.49. The company’s 50-day moving average is $236.74 and its 200 day moving average is $253.34. NXP Semiconductors has a 1-year low of $178.19 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.31 EPS. Research analysts forecast that NXP Semiconductors will post 11.94 EPS for the current year.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MQS Management LLC raised its holdings in shares of NXP Semiconductors by 112.6% in the third quarter. MQS Management LLC now owns 2,687 shares of the semiconductor provider’s stock worth $645,000 after buying an additional 1,423 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of NXP Semiconductors by 6.2% during the third quarter. Aptus Capital Advisors LLC now owns 1,691 shares of the semiconductor provider’s stock worth $406,000 after purchasing an additional 98 shares during the last quarter. Aigen Investment Management LP raised its holdings in shares of NXP Semiconductors by 43.4% during the third quarter. Aigen Investment Management LP now owns 1,473 shares of the semiconductor provider’s stock worth $354,000 after purchasing an additional 446 shares during the last quarter. Prime Capital Investment Advisors LLC raised its holdings in shares of NXP Semiconductors by 10.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,552 shares of the semiconductor provider’s stock worth $373,000 after purchasing an additional 149 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of NXP Semiconductors during the third quarter worth $462,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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.