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

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

A number of other equities research analysts also recently commented on NXPI. Truist Financial reduced their price objective on shares of NXP Semiconductors from $291.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. UBS Group raised NXP Semiconductors from a “neutral” rating to a “buy” rating and raised their price target for the company from $275.00 to $285.00 in a report on Monday, October 7th. Oppenheimer upped their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Mizuho set a $290.00 price objective on NXP Semiconductors in a research report on Friday, October 18th. Finally, Needham & Company LLC boosted their target price on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.90.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI traded down $14.06 during trading on Monday, reaching $222.84. The company had a trading volume of 1,722,122 shares, compared to its average volume of 2,264,191. NXP Semiconductors has a fifty-two week low of $178.19 and a fifty-two week high of $296.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.52. The stock’s fifty day moving average price is $237.30 and its 200 day moving average price is $253.27. The firm has a market capitalization of $56.76 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.59 and a beta of 1.49.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Monday, November 4th. The semiconductor provider reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.25 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the firm posted $3.31 EPS. As a group, equities research analysts predict that NXP Semiconductors will post 11.94 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 12th were given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio is presently 37.94%.

Insider Buying and Selling at NXP Semiconductors

In other news, EVP Jennifer Wuamett sold 3,500 shares of NXP Semiconductors stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total transaction of $813,225.00. Following the completion of the sale, the executive vice president now directly owns 30,269 shares in the company, valued at $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by insiders.

Institutional Investors Weigh In On NXP Semiconductors

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in NXP Semiconductors by 17.3% during the first quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock worth $3,201,543,000 after buying an additional 1,909,898 shares during the period. Van ECK Associates Corp lifted its holdings in shares of NXP Semiconductors by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock worth $718,680,000 after acquiring an additional 1,222,736 shares during the period. International Assets Investment Management LLC grew its holdings in NXP Semiconductors by 24,533.2% in the third quarter. International Assets Investment Management LLC now owns 514,341 shares of the semiconductor provider’s stock valued at $123,447,000 after purchasing an additional 512,253 shares during the period. Ceredex Value Advisors LLC acquired a new position in NXP Semiconductors during the third quarter worth approximately $84,901,000. Finally, Bessemer Group Inc. raised its stake in NXP Semiconductors by 4,525.6% during the first quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after purchasing an additional 349,061 shares during the period. Institutional investors and hedge funds 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.