NXP Semiconductors (NASDAQ:NXPI) Earns “Overweight” Rating from Cantor Fitzgerald

NXP Semiconductors (NASDAQ:NXPI)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a report released on Monday, Benzinga reports. They currently have a $270.00 target price on the semiconductor provider’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 12.97% from the company’s previous close.

NXPI has been the topic of a number of other research reports. The Goldman Sachs Group lowered their target price on NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. Barclays increased their target price on NXP Semiconductors from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Citigroup increased their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a “sell” rating in a report on Monday, July 15th. Oppenheimer boosted their target price on shares of NXP Semiconductors from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Finally, Needham & Company LLC increased their price target on shares of NXP Semiconductors from $280.00 to $300.00 and gave the stock a “buy” rating in a research note 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 given a buy rating to the company. According to data from MarketBeat, NXP Semiconductors currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.90.

NXP Semiconductors Trading Up 0.2 %

Shares of NXPI opened at $239.00 on Monday. NXP Semiconductors has a twelve month low of $178.19 and a twelve month high of $296.08. The firm has a market capitalization of $60.88 billion, a P/E ratio of 22.34, a PEG ratio of 2.54 and a beta of 1.49. The firm’s 50-day moving average is $237.56 and its two-hundred day moving average is $253.15. The company has a current ratio of 2.21, a quick ratio of 1.52 and a debt-to-equity ratio of 1.04.

Insider Activity

In related news, EVP Jennifer Wuamett sold 3,500 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at approximately $7,033,002.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

A number of hedge funds have recently added to or reduced their stakes in NXPI. Vanguard Group Inc. boosted its stake in NXP Semiconductors by 17.3% during the 1st quarter. Vanguard Group Inc. now owns 12,921,432 shares of the semiconductor provider’s stock valued at $3,201,543,000 after purchasing 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 third quarter. Van ECK Associates Corp now owns 3,041,129 shares of the semiconductor provider’s stock valued at $718,680,000 after purchasing an additional 1,222,736 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of NXP Semiconductors by 5.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,428,779 shares of the semiconductor provider’s stock valued at $653,567,000 after purchasing an additional 118,366 shares during the period. Legal & General Group Plc increased its stake in NXP Semiconductors by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,271,866 shares of the semiconductor provider’s stock worth $611,336,000 after purchasing an additional 35,104 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in NXP Semiconductors by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,533,421 shares of the semiconductor provider’s stock worth $412,628,000 after buying an additional 80,087 shares during the period. 90.54% of the stock is currently owned by institutional investors.

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.