NXP Semiconductors (NASDAQ:NXPI) Given “Overweight” Rating at Cantor Fitzgerald

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

A number of other research analysts have also recently issued reports on NXPI. Susquehanna decreased their price objective on shares of NXP Semiconductors from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. TD Cowen lowered their price objective on shares of NXP Semiconductors from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Evercore ISI dropped their price objective on NXP Semiconductors from $370.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Morgan Stanley decreased their target price on NXP Semiconductors from $250.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Finally, Loop Capital initiated coverage on NXP Semiconductors in a research report on Monday, November 11th. They set a “buy” rating and a $300.00 price target on the stock. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $263.15.

NXP Semiconductors Stock Up 1.7 %

NASDAQ:NXPI opened at $216.82 on Tuesday. The stock’s fifty day simple moving average is $214.42 and its 200-day simple moving average is $230.24. The firm has a market capitalization of $55.11 billion, a P/E ratio of 20.69, a P/E/G ratio of 3.14 and a beta of 1.46. The company has a quick ratio of 1.60, a current ratio of 2.35 and a debt-to-equity ratio of 0.99. NXP Semiconductors has a 12-month low of $198.21 and a 12-month high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.31 earnings per share. Equities research analysts expect that NXP Semiconductors will post 11.33 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

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

Institutional Investors Weigh In On NXP Semiconductors

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Wealth Partners LLC increased its holdings in NXP Semiconductors by 915.4% during the fourth quarter. ORG Wealth Partners LLC now owns 132 shares of the semiconductor provider’s stock worth $27,000 after buying an additional 119 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of NXP Semiconductors by 169.2% during the 4th quarter. Sound Income Strategies LLC now owns 140 shares of the semiconductor provider’s stock worth $29,000 after purchasing an additional 88 shares during the last quarter. Smithfield Trust Co bought a new position in NXP Semiconductors during the fourth quarter worth about $32,000. FSA Wealth Management LLC acquired a new position in NXP Semiconductors during the third quarter worth approximately $33,000. Finally, Brooklyn Investment Group raised its stake in NXP Semiconductors by 69.5% in the fourth quarter. Brooklyn Investment Group now owns 161 shares of the semiconductor provider’s stock valued at $33,000 after buying an additional 66 shares during the period. Institutional investors own 90.54% of the company’s stock.

NXP Semiconductors Company Profile

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.