NXP Semiconductors (NASDAQ:NXPI) Receives Overweight Rating from Cantor Fitzgerald

NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “overweight” rating reiterated by equities researchers at Cantor Fitzgerald in a research report issued on Tuesday, Benzinga reports. They currently have a $290.00 target price on the semiconductor provider’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 16.27% from the company’s current price.

Other equities analysts have also issued research reports about the stock. StockNews.com raised shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Susquehanna lifted their price target on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Oppenheimer lifted their price target on shares of NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. lifted their price target on shares of NXP Semiconductors from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. Finally, Truist Financial lifted their price target on shares of NXP Semiconductors from $264.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, NXP Semiconductors presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.72.

NXP Semiconductors Price Performance

Shares of NXPI opened at $249.43 on Tuesday. The firm has a market cap of $63.88 billion, a PE ratio of 23.03, a PEG ratio of 0.94 and a beta of 1.59. The firm’s 50 day moving average price is $242.28 and its 200 day moving average price is $220.92. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.39 and a current ratio of 1.91. 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 for the quarter, beating the consensus estimate of $3.33 by $0.04. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 38.32%. As a group, research analysts expect that NXP Semiconductors will post 12.21 EPS for the current fiscal year.

Institutional Investors Weigh In On NXP Semiconductors

Institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its position in NXP Semiconductors by 11.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 54,261 shares of the semiconductor provider’s stock valued at $10,848,000 after acquiring an additional 5,471 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of NXP Semiconductors by 12.8% during the third quarter. Hexagon Capital Partners LLC now owns 893 shares of the semiconductor provider’s stock valued at $179,000 after purchasing an additional 101 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of NXP Semiconductors by 33.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 247,523 shares of the semiconductor provider’s stock valued at $49,485,000 after purchasing an additional 61,973 shares during the last quarter. Xponance Inc. increased its holdings in shares of NXP Semiconductors by 0.9% in the third quarter. Xponance Inc. now owns 21,921 shares of the semiconductor provider’s stock valued at $4,382,000 after purchasing an additional 192 shares in the last quarter. Finally, Mission Wealth Management LP increased its holdings in shares of NXP Semiconductors by 190.4% in the third quarter. Mission Wealth Management LP now owns 3,313 shares of the semiconductor provider’s stock valued at $662,000 after purchasing an additional 2,172 shares in the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.

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.