NXP Semiconductors’ (NXPI) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of NXP Semiconductors (NASDAQ:NXPI) in a report issued on Tuesday morning,Benzinga reports. They currently have a $250.00 price target on the semiconductor provider’s stock.

Other equities analysts have also recently issued research reports about the company. StockNews.com cut NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. The Goldman Sachs Group upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating and cut their target price for the company from $260.00 to $257.00 in a research note on Friday, January 10th. Wells Fargo & Company began coverage on shares of NXP Semiconductors in a report on Friday, November 22nd. They issued an “overweight” rating and a $250.00 price target on the stock. Morgan Stanley reduced their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Finally, Oppenheimer lowered their target price on shares of NXP Semiconductors from $330.00 to $300.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $263.15.

NXP Semiconductors Trading Up 1.7 %

Shares of NXPI stock opened at $216.82 on Tuesday. The firm has a market capitalization of $55.11 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 3.14 and a beta of 1.46. NXP Semiconductors has a 1 year low of $198.21 and a 1 year high of $296.08. The firm’s fifty day simple moving average is $214.42 and its 200 day simple moving average is $230.24. The company has a current ratio of 2.35, a quick ratio of 1.60 and a debt-to-equity ratio of 0.99.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.02. NXP Semiconductors had a net margin of 20.98% and a return on equity of 33.57%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the firm posted $3.31 EPS. The business’s revenue was down 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that NXP Semiconductors will post 11.33 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Thursday, December 5th were given a $1.014 dividend. This represents a $4.06 annualized dividend and a yield of 1.87%. The ex-dividend date was Thursday, December 5th. NXP Semiconductors’s payout ratio is presently 38.74%.

Hedge Funds Weigh In On NXP Semiconductors

Large investors have recently modified their holdings of the stock. ORG Wealth Partners LLC raised its position in NXP Semiconductors by 915.4% in 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 during the last quarter. Sound Income Strategies LLC raised its position 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 acquiring an additional 88 shares during the last quarter. Smithfield Trust Co acquired a new position in shares of NXP Semiconductors during the fourth quarter valued at $32,000. FSA Wealth Management LLC bought a new position in NXP Semiconductors in the third quarter valued at about $33,000. Finally, Brooklyn Investment Group increased its position in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock worth $33,000 after purchasing an additional 66 shares during the period. 90.54% of the stock is currently 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.