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

NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “overweight” rating reissued by research analysts at Cantor Fitzgerald in a research report issued on Tuesday, Benzinga reports. They presently have a $290.00 target price on the semiconductor provider’s stock. Cantor Fitzgerald’s target price points to a potential upside of 12.85% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Evercore ISI started coverage on NXP Semiconductors in a report on Tuesday, April 16th. They set an “outperform” rating and a $300.00 target price for the company. JPMorgan Chase & Co. increased their price objective on shares of NXP Semiconductors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. StockNews.com raised NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Truist Financial upped their price target on shares of NXP Semiconductors from $264.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus boosted their target price on shares of NXP Semiconductors from $190.00 to $210.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NXP Semiconductors currently has an average rating of “Moderate Buy” and an average target price of $242.29.

NXP Semiconductors Stock Performance

Shares of NASDAQ NXPI traded up $9.85 during mid-day trading on Tuesday, reaching $256.98. 1,206,109 shares of the company were exchanged, compared to its average volume of 2,342,989. The stock has a market capitalization of $65.81 billion, a P/E ratio of 24.20, a P/E/G ratio of 0.92 and a beta of 1.59. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The company’s 50-day simple moving average is $241.50 and its 200-day simple moving average is $220.29. NXP Semiconductors has a twelve month low of $161.23 and a twelve month high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.04. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. As a group, research analysts predict that NXP Semiconductors will post 12.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NXPI. Vest Financial LLC purchased a new position in NXP Semiconductors during the first quarter worth about $358,000. Perigon Wealth Management LLC grew its holdings in shares of NXP Semiconductors by 19.0% during the first quarter. Perigon Wealth Management LLC now owns 1,260 shares of the semiconductor provider’s stock worth $312,000 after purchasing an additional 201 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in NXP Semiconductors by 74.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 219,154 shares of the semiconductor provider’s stock valued at $54,300,000 after purchasing an additional 93,560 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of NXP Semiconductors by 1.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 62,331 shares of the semiconductor provider’s stock worth $15,444,000 after buying an additional 931 shares during the last quarter. Finally, Phillips Wealth Planners LLC purchased a new stake in shares of NXP Semiconductors during the 1st quarter valued at $230,000. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

NXP Semiconductors Company Profile

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.