Cantor Fitzgerald Trims NXP Semiconductors (NASDAQ:NXPI) Target Price to $270.00

by · The Cerbat Gem

NXP Semiconductors (NASDAQ:NXPI – Free Report) had its price target reduced by Cantor Fitzgerald from $350.00 to $270.00 in a research report report published on Tuesday, Benzinga reports. They currently have an overweight rating on the semiconductor provider’s stock.

A number of other equities analysts also recently commented on the company. Truist Financial cut their price objective on NXP Semiconductors from $291.00 to $287.00 and set a buy rating on the stock in a report on Wednesday, July 24th. TD Cowen decreased their target price on NXP Semiconductors from $330.00 to $310.00 and set a buy rating for the company in a research report on Wednesday, July 24th. Morgan Stanley reduced their price objective on NXP Semiconductors from $275.00 to $271.00 and set an equal weight rating for the company in a research report on Wednesday, July 24th. Stifel Nicolaus boosted their price objective on NXP Semiconductors from $240.00 to $275.00 and gave the company a hold rating in a research report on Thursday, July 18th. Finally, StockNews.com downgraded NXP Semiconductors from a buy rating to a hold rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $291.47.

View Our Latest Report on NXP Semiconductors

NXP Semiconductors Stock Performance

Shares of NXPI opened at $236.17 on Tuesday. The stock has a 50 day moving average price of $239.98 and a 200 day moving average price of $253.35. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $60.16 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.58 and a beta of 1.49. NXP Semiconductors has a 52-week low of $167.21 and a 52-week high of $296.08.

NXP Semiconductors (NASDAQ:NXPI – Get Free Report) last released its quarterly earnings data on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.38. The firm had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.13 billion. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. NXP Semiconductors’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.04 earnings per share. Research analysts predict that NXP Semiconductors will post 11.97 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were paid a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s payout ratio is presently 37.94%.

Insiders Place Their Bets

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was 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. 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 is available at the SEC website. In related news, insider Julie Southern purchased 146 shares of the stock in a transaction dated Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the completion of the acquisition, the insider now owns 11,297 shares of the company’s stock, valued at approximately $2,909,429.38. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $232.35, for a total value of $813,225.00. Following the completion of the sale, the executive vice president now owns 30,269 shares of the company’s stock, valued at $7,033,002.15. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Institutional Trading of NXP Semiconductors

Institutional investors and hedge funds have recently bought and sold shares of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in NXP Semiconductors by 893.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,332,578 shares of the semiconductor provider’s stock valued at $535,747,000 after purchasing an additional 2,097,727 shares during the period. Norden Group LLC acquired a new stake in NXP Semiconductors during the 1st quarter worth about $1,775,000. Congress Asset Management Co. MA grew its holdings in NXP Semiconductors by 0.8% during the 4th quarter. Congress Asset Management Co. MA now owns 509,420 shares of the semiconductor provider’s stock worth $117,004,000 after acquiring an additional 4,074 shares during the period. Bessemer Group Inc. grew its holdings in NXP Semiconductors by 4,525.6% during the 1st quarter. Bessemer Group Inc. now owns 356,774 shares of the semiconductor provider’s stock worth $88,399,000 after acquiring an additional 349,061 shares during the period. Finally, M&G Plc acquired a new stake in NXP Semiconductors during the 1st quarter worth about $65,830,000. 90.54% of the stock is currently owned by institutional investors and hedge funds.

NXP Semiconductors Company Profile

(Get Free Report)

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.

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