NXP Semiconductors N.V. (NXPI) Expected to Post Quarterly Sales of $2.29 Billion
Wall Street brokerages predict that NXP Semiconductors N.V. (NASDAQ:NXPI) will post $2.29 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for NXP Semiconductors N.V.’s earnings. The highest sales estimate is $2.31 billion and the lowest is $2.27 billion. NXP Semiconductors N.V. reported sales of $2.47 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 7.3%. The firm is expected to issue its next earnings results on Wednesday, October 25th.
On average, analysts expect that NXP Semiconductors N.V. will report full year sales of $2.29 billion for the current financial year, with estimates ranging from $8.91 billion to $9.04 billion. For the next financial year, analysts expect that the company will post sales of $9.45 billion per share, with estimates ranging from $9.24 billion to $9.87 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover NXP Semiconductors N.V..
NXPI has been the topic of several analyst reports. ValuEngine upgraded NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. BidaskClub upgraded NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Morgan Stanley lifted their target price on NXP Semiconductors N.V. from $110.00 to $117.50 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Mizuho reiterated a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors N.V. in a research note on Thursday, August 3rd. Finally, Drexel Hamilton reiterated a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors N.V. in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $110.97.
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NXP Semiconductors N.V. (NASDAQ NXPI) opened at 112.78 on Wednesday. The firm has a market capitalization of $28.39 billion, a P/E ratio of 20.03 and a beta of 0.89. NXP Semiconductors N.V. has a one year low of $81.50 and a one year high of $113.39. The firm has a 50-day moving average price of $111.94 and a 200-day moving average price of $107.87.
A number of hedge funds have recently modified their holdings of NXPI. Elliott Management Corp acquired a new position in NXP Semiconductors N.V. during the second quarter worth $1,354,313,000. BlackRock Inc. raised its holdings in NXP Semiconductors N.V. by 2,546.6% during the first quarter. BlackRock Inc. now owns 11,852,113 shares of the semiconductor provider’s stock worth $1,226,696,000 after purchasing an additional 11,404,283 shares during the last quarter. Tyrus Capital S.A.M. raised its holdings in NXP Semiconductors N.V. by 277.8% during the second quarter. Tyrus Capital S.A.M. now owns 4,004,227 shares of the semiconductor provider’s stock worth $438,263,000 after purchasing an additional 2,944,227 shares during the last quarter. Third Point LLC acquired a new position in NXP Semiconductors N.V. during the second quarter worth $295,515,000. Finally, York Capital Management Global Advisors LLC raised its holdings in NXP Semiconductors N.V. by 68.5% during the second quarter. York Capital Management Global Advisors LLC now owns 5,377,282 shares of the semiconductor provider’s stock worth $588,543,000 after purchasing an additional 2,186,645 shares during the last quarter. 78.85% of the stock is owned by hedge funds and other institutional investors.
NXP Semiconductors N.V. Company Profile
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.
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