NXP Semiconductors (NASDAQ:NXPI) Earns “Overweight” Rating from Cantor Fitzgerald

NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “overweight” rating reiterated by investment analysts at Cantor Fitzgerald in a report released on Tuesday, Benzinga reports. They presently have a $290.00 price objective on the semiconductor provider’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 12.85% from the stock’s previous close.

Several other research firms also recently weighed in on NXPI. Morgan Stanley boosted their target price on shares of NXP Semiconductors from $221.00 to $224.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Susquehanna upped their target price on NXP Semiconductors from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Oppenheimer raised their price objective on NXP Semiconductors from $220.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. TD Cowen boosted their target price on shares of NXP Semiconductors from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 12th. Finally, Wolfe Research upgraded NXP Semiconductors from a “peer perform” rating to an “outperform” rating and set a $255.00 price target for the company in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $242.29.

NXP Semiconductors Trading Up 4.0 %

NXPI traded up $9.85 during midday trading on Tuesday, hitting $256.98. The company’s stock had a trading volume of 1,206,109 shares, compared to its average volume of 2,342,989. NXP Semiconductors has a 52-week low of $161.23 and a 52-week high of $264.26. The company has a current ratio of 1.91, a quick ratio of 1.39 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $241.50 and a two-hundred day moving average price of $220.29. The firm has a market cap of $65.81 billion, a P/E ratio of 24.20, a PEG ratio of 0.92 and a beta of 1.59.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.40 billion. NXP Semiconductors had a net margin of 21.07% and a return on equity of 38.94%. On average, research analysts anticipate that NXP Semiconductors will post 12.21 earnings per share for the current year.

Institutional Investors Weigh In On NXP Semiconductors

A number of hedge funds have recently added to or reduced their stakes in NXPI. Norges Bank acquired a new position in shares of NXP Semiconductors in the 4th quarter valued at $762,077,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in NXP Semiconductors by 893.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock worth $535,747,000 after purchasing an additional 2,097,727 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in shares of NXP Semiconductors during the 4th quarter worth approximately $164,044,000. Kodai Capital Management LP bought a new position in NXP Semiconductors in the 4th quarter valued at about $125,319,000. Finally, International Assets Investment Management LLC raised its stake in NXP Semiconductors by 21,013.6% in the 4th quarter. International Assets Investment Management LLC now owns 515,172 shares of the semiconductor provider’s stock worth $118,325,000 after purchasing an additional 512,732 shares in the last quarter. 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.