NXP Semiconductors (NASDAQ:NXPI) Earns Overweight Rating from Analysts at Cantor Fitzgerald

by · The Cerbat Gem

Cantor Fitzgerald started coverage on shares of NXP Semiconductors (NASDAQ:NXPI – Free Report) in a research report report published on Tuesday, MarketBeat.com reports. The firm issued an overweight rating and a $260.00 price target on the semiconductor provider’s stock.

NXPI has been the topic of several other research reports. Stifel Nicolaus lifted their price target on NXP Semiconductors from $190.00 to $210.00 and gave the stock a hold rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. dropped their price objective on shares of NXP Semiconductors from $240.00 to $220.00 and set a neutral rating on the stock in a research report on Wednesday, November 8th. Mizuho dropped their target price on shares of NXP Semiconductors from $225.00 to $210.00 and set a neutral rating on the stock in a research report on Wednesday, November 8th. Wolfe Research upgraded shares of NXP Semiconductors from a peer perform rating to an outperform rating and set a $255.00 target price for the company in a research note on Thursday, January 18th. Finally, Citigroup cut shares of NXP Semiconductors from a neutral rating to a sell rating and reduced their price objective for the company from $216.00 to $150.00 in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $228.04.

Read Our Latest Stock Analysis on NXPI

NXP Semiconductors Trading Down 2.0 %

NXPI stock opened at $215.12 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.38 and a current ratio of 1.92. The firm has a fifty day moving average price of $215.14 and a 200 day moving average price of $205.65. The firm has a market cap of $55.45 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.00 and a beta of 1.60. NXP Semiconductors has a fifty-two week low of $155.31 and a fifty-two week high of $238.27.

NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last issued its quarterly earnings results on Monday, November 6th. The semiconductor provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.05. NXP Semiconductors had a return on equity of 40.56% and a net margin of 21.43%. The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.39 billion. Sell-side analysts anticipate that NXP Semiconductors will post 12.63 earnings per share for the current fiscal year.

NXP Semiconductors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Wednesday, December 13th were issued a $1.014 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Tuesday, December 12th. NXP Semiconductors’s payout ratio is currently 37.63%.

Insider Transactions at NXP Semiconductors

In other news, CFO William Betz sold 4,428 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $204.00, for a total value of $903,312.00. Following the transaction, the chief financial officer now directly owns 1,518 shares in the company, valued at approximately $309,672. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO William Betz sold 4,428 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $204.00, for a total value of $903,312.00. Following the completion of the sale, the chief financial officer now owns 1,518 shares in the company, valued at $309,672. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jennifer Wuamett sold 2,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $204.00, for a total value of $408,000.00. Following the transaction, the executive vice president now directly owns 40,349 shares in the company, valued at $8,231,196. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,261 shares of company stock valued at $4,776,057. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of NXP Semiconductors

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Operose Advisors LLC acquired a new position in shares of NXP Semiconductors during the third quarter worth $26,000. Live Oak Investment Partners acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at approximately $26,000. Fortis Capital Advisors LLC acquired a new stake in NXP Semiconductors during the fourth quarter worth approximately $27,000. BluePath Capital Management LLC purchased a new position in NXP Semiconductors during the third quarter worth approximately $28,000. Finally, Marquette Asset Management LLC purchased a new position in NXP Semiconductors during the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 90.21% of the company’s stock.

About NXP Semiconductors

(Get Free Report)

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.

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