NXP Semiconductors’ (NXPI) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of NXP Semiconductors (NASDAQ:NXPI) in a report issued on Monday, Benzinga reports. The firm currently has a $270.00 price target on the semiconductor provider’s stock.

Several other equities research analysts have also issued reports on NXPI. The Goldman Sachs Group dropped their price target on NXP Semiconductors from $285.00 to $277.00 in a research note on Friday, October 11th. Truist Financial cut their target price on NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. TD Cowen decreased their price target on shares of NXP Semiconductors from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Needham & Company LLC upped their price objective on shares of NXP Semiconductors from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Barclays lifted their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $276.85.

NXP Semiconductors Stock Up 3.0 %

Shares of NASDAQ:NXPI opened at $231.38 on Monday. The company has a market cap of $58.94 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.57 and a beta of 1.49. NXP Semiconductors has a one year low of $178.19 and a one year high of $296.08. The firm has a fifty day moving average price of $236.43 and a two-hundred day moving average price of $253.19. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a net margin of 20.98% and a return on equity of 34.11%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.31 EPS. Analysts anticipate that NXP Semiconductors will post 11.94 EPS for the current fiscal year.

NXP Semiconductors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. The ex-dividend date was Thursday, September 12th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.75%. NXP Semiconductors’s dividend payout ratio (DPR) is 38.74%.

Insider Activity

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the transaction, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NXPI. Maxwell Wealth Strategies Inc. increased its stake in shares of NXP Semiconductors by 40.1% during the third quarter. Maxwell Wealth Strategies Inc. now owns 11,838 shares of the semiconductor provider’s stock valued at $2,659,000 after purchasing an additional 3,386 shares in the last quarter. Seelaus Asset Management LLC increased its position in NXP Semiconductors by 4.6% during the 3rd quarter. Seelaus Asset Management LLC now owns 2,616 shares of the semiconductor provider’s stock valued at $625,000 after buying an additional 115 shares in the last quarter. Empowered Funds LLC raised its stake in NXP Semiconductors by 35.5% during the third quarter. Empowered Funds LLC now owns 12,297 shares of the semiconductor provider’s stock valued at $2,951,000 after buying an additional 3,222 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in NXP Semiconductors by 6.2% in the third quarter. CIBC Asset Management Inc now owns 72,011 shares of the semiconductor provider’s stock worth $17,283,000 after acquiring an additional 4,173 shares in the last quarter. Finally, Intellectus Partners LLC purchased a new stake in shares of NXP Semiconductors in the third quarter worth $836,000. 90.54% of the stock is currently owned by institutional investors.

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.