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NXP Semiconductors (NASDAQ:NXPI) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.84-0.96 for the period, compared to the Thomson Reuters consensus estimate of $0.89, Stock Ratings News reports. The company issued revenue guidance of $1.21-1.25 billion, compared to the consensus revenue estimate of $1.23 billion.

Several analysts have recently commented on the stock. Analysts at Susquehanna raised their price target on shares of NXP Semiconductors from $48.00 to $50.00 in a research note to investors on Tuesday, January 14th. They now have a positive rating on the stock. On a related note, analysts at Goldman Sachs Group Inc. downgraded shares of NXP Semiconductors from a buy rating to a neutral rating in a research note to investors on Thursday, January 2nd. They now have a $44.00 price target on the stock. Finally, analysts at Drexel Hamilton initiated coverage on shares of NXP Semiconductors in a research note to investors on Wednesday, November 13th. They set a buy rating and a $50.00 price target on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $47.98.

Shares of NXP Semiconductors (NASDAQ:NXPI) traded up 1.89% on Thursday, hitting $47.89. The stock had a trading volume of 1,180,911 shares. NXP Semiconductors has a 52-week low of $24.66 and a 52-week high of $48.65. The stock has a 50-day moving average of $45.31 and a 200-day moving average of $40.1. The company has a market cap of $12.056 billion and a price-to-earnings ratio of 87.20. NXP Semiconductors also was the recipient of some unusual options trading on Wednesday. Traders bought 7,508 put options on the stock. This represents an increase of 979% compared to the typical daily volume of 696 put options.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.95 by $0.45. On average, analysts predict that NXP Semiconductors will post $4.13 earnings per share for the current fiscal year.

NXP Semiconductors N.V. (NASDAQ:NXPI) is a global semiconductor company and a supplier.

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