NXP Semiconductors (NXPI) Releases Q4 Earnings Guidance
NXP Semiconductors (NASDAQ:NXPI) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.85-1.02 for the period, compared to the Thomson Reuters consensus estimate of $0.91, AnalystRatingsNetwork reports. The company issued revenue guidance of $1.22-1.29 billion, compared to the consensus revenue estimate of $1.25 billion.
Several analysts have recently commented on the stock. Analysts at Sterne Agee reiterated a buy rating on shares of NXP Semiconductors in a research note to investors on Wednesday. They now have a $45.00 price target on the stock. On a related note, analysts at Raymond James raised their price target on shares of NXP Semiconductors from $39.00 to $43.00 in a research note to investors on Wednesday. They now have an outperform rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of NXP Semiconductors from $40.00 to $45.00 in a research note to investors on Thursday, October 10th. They now have a positive rating on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. NXP Semiconductors presently has an average rating of Buy and an average target price of $41.35.
NXP Semiconductors (NASDAQ:NXPI) traded up 10.85% on Thursday, hitting $39.94. The stock had a trading volume of 4,968,260 shares. NXP Semiconductors has a 52 week low of $20.57 and a 52 week high of $38.08. The stock has a 50-day moving average of $36.1 and a 200-day moving average of $31.6. The company has a market cap of $9.947 billion and a price-to-earnings ratio of 95.32.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a global semiconductor company and a supplier.
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