Cantor Fitzgerald Reiterates Overweight Rating for NXP Semiconductors (NASDAQ:NXPI)

NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “overweight” rating reiterated by stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $290.00 target price on the semiconductor provider’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 16.27% from the stock’s previous close.

NXPI has been the subject of several other reports. StockNews.com upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley raised their target price on shares of NXP Semiconductors from $221.00 to $224.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. 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 report on Thursday, January 18th. Susquehanna raised their target price on shares of NXP Semiconductors from $200.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, Mizuho raised their price target on shares of NXP Semiconductors from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $257.72.

NXP Semiconductors Stock Performance

Shares of NXPI opened at $249.43 on Tuesday. The company has a 50-day simple moving average of $242.28 and a 200-day simple moving average of $220.92. The company has a quick ratio of 1.39, a current ratio of 1.91 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $63.88 billion, a PE ratio of 23.03, a P/E/G ratio of 0.94 and a beta of 1.59. NXP Semiconductors has a 52-week low of $161.23 and a 52-week high of $264.26.

NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Monday, February 5th. The semiconductor provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.33 by $0.04. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.40 billion. NXP Semiconductors had a net margin of 21.24% and a return on equity of 38.32%. Equities research analysts predict that NXP Semiconductors will post 12.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NXPI. Commonwealth Equity Services LLC lifted its position in NXP Semiconductors by 11.2% during the third quarter. Commonwealth Equity Services LLC now owns 54,261 shares of the semiconductor provider’s stock valued at $10,848,000 after buying an additional 5,471 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in 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 buying an additional 101 shares in the last quarter. Robeco Institutional Asset Management B.V. raised 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 period. Xponance Inc. raised its stake in shares of NXP Semiconductors by 0.9% during 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 during the period. Finally, Mission Wealth Management LP raised its stake in shares of NXP Semiconductors by 190.4% during 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 during the period. 90.54% of the stock is 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.