Cantor Fitzgerald Reaffirms “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 report issued on Monday,Benzinga reports. They currently have a $400.00 price objective on the semiconductor provider’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 70.42% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Evercore boosted their price target on shares of NXP Semiconductors from $260.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. KeyCorp raised their target price on NXP Semiconductors from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group reissued a “buy” rating on shares of NXP Semiconductors in a research report on Wednesday, April 29th. Wells Fargo & Company dropped their price objective on shares of NXP Semiconductors from $290.00 to $280.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Finally, Morgan Stanley upped their price target on NXP Semiconductors from $335.00 to $338.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $305.43.

NXP Semiconductors Stock Performance

NASDAQ NXPI opened at $234.71 on Monday. The firm has a market cap of $59.18 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.82. NXP Semiconductors has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a 50-day moving average of $273.07 and a 200-day moving average of $252.68.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.52 by $0.09. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm posted $2.72 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts forecast that NXP Semiconductors will post 13.73 EPS for the current year.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Andrew Micallef sold 1,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $315.57, for a total value of $315,570.00. Following the transaction, the executive vice president directly owned 8,942 shares in the company, valued at $2,821,826.94. This trade represents a 10.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher L. Jensen sold 1,746 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the transaction, the executive vice president directly owned 3,643 shares in the company, valued at approximately $1,153,118.79. This represents a 32.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC increased its holdings in NXP Semiconductors by 25.3% in the 4th quarter. MCF Advisors LLC now owns 213 shares of the semiconductor provider’s stock worth $46,000 after acquiring an additional 43 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in NXP Semiconductors by 1.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after purchasing an additional 43 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider’s stock worth $454,000 after purchasing an additional 45 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of NXP Semiconductors by 0.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,426 shares of the semiconductor provider’s stock worth $1,829,000 after purchasing an additional 50 shares in the last quarter. Finally, IHT Wealth Management LLC raised its position in shares of NXP Semiconductors by 4.6% in the second quarter. IHT Wealth Management LLC now owns 1,193 shares of the semiconductor provider’s stock valued at $261,000 after purchasing an additional 52 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.