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

Cantor Fitzgerald reaffirmed their overweight rating on shares of NXP Semiconductors (NASDAQ:NXPI) in a research report sent to investors on Tuesday morning, Benzinga reports. Cantor Fitzgerald currently has a $350.00 price objective on the semiconductor provider’s stock. Cantor Fitzgerald also issued estimates for NXP Semiconductors’ FY2024 earnings at $12.84 EPS.

A number of other equities analysts also recently commented on NXPI. Morgan Stanley boosted their price objective on shares of NXP Semiconductors from $247.00 to $275.00 and gave the stock an equal weight rating in a research note on Thursday, July 11th. Wells Fargo & Company boosted their price objective on shares of NXP Semiconductors from $285.00 to $305.00 and gave the stock an overweight rating in a research note on Wednesday, May 22nd. Citigroup boosted their price objective on shares of NXP Semiconductors from $150.00 to $220.00 and gave the stock a sell rating in a research note on Monday, July 15th. StockNews.com raised shares of NXP Semiconductors from a hold rating to a buy rating in a research note on Wednesday, May 8th. Finally, Evercore ISI boosted their price objective on shares of NXP Semiconductors from $300.00 to $370.00 and gave the stock an outperform rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $294.89.

NXP Semiconductors Stock Performance

Shares of NASDAQ:NXPI opened at $253.62 on Tuesday. The firm has a market cap of $64.60 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 2.55 and a beta of 1.49. The firm’s 50 day simple moving average is $272.46 and its 200-day simple moving average is $249.68. NXP Semiconductors has a one year low of $167.21 and a one year high of $296.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.64 and a current ratio of 2.21.

NXP Semiconductors (NASDAQ:NXPI) last issued its earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.38. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. NXP Semiconductors had a net margin of 21.21% and a return on equity of 35.65%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company posted $3.04 earnings per share. As a group, equities analysts predict that NXP Semiconductors will post 12.35 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Thursday, June 13th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 37.49%.

Insider Activity

In other news, CEO Kurt Sievers sold 8,548 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $275.75, for a total transaction of $2,357,111.00. Following the sale, the chief executive officer now directly owns 177,889 shares of the company’s stock, valued at $49,052,891.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On NXP Semiconductors

Hedge funds have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC purchased a new stake in NXP Semiconductors in the first quarter valued at $25,000. FinTrust Capital Advisors LLC boosted its holdings in NXP Semiconductors by 75.4% in the fourth quarter. FinTrust Capital Advisors LLC now owns 114 shares of the semiconductor provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Family Firm Inc. purchased a new stake in NXP Semiconductors in the second quarter valued at $27,000. LifeSteps Financial Inc. purchased a new stake in NXP Semiconductors in the first quarter valued at $30,000. Finally, Valley National Advisers Inc. boosted its holdings in NXP Semiconductors by 98.6% in the fourth quarter. Valley National Advisers Inc. now owns 137 shares of the semiconductor provider’s stock valued at $31,000 after purchasing an additional 68 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other 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.