$2.29 Billion in Sales Expected for NXP Semiconductors N.V. (NXPI) This Quarter
Wall Street brokerages predict that NXP Semiconductors N.V. (NASDAQ:NXPI) will post $2.29 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for NXP Semiconductors N.V.’s earnings, with estimates ranging from $2.27 billion to $2.31 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 scheduled to announce its next quarterly earnings results after the market closes 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 year, with estimates ranging from $8.91 billion to $9.04 billion. For the next year, analysts anticipate that the firm will report 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 that provide coverage for NXP Semiconductors N.V..
NXPI has been the topic of several recent research reports. Zacks Investment Research cut shares of NXP Semiconductors N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. BMO Capital Markets reaffirmed a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research report on Friday, July 21st. KeyCorp reaffirmed a “hold” rating on shares of NXP Semiconductors N.V. in a research report on Friday, September 8th. BidaskClub cut shares of NXP Semiconductors N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors N.V. in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. NXP Semiconductors N.V. has a consensus rating of “Hold” and an average price target of $109.82.
Hedge funds have recently modified their holdings of the company. NINE MASTS CAPITAL Ltd purchased a new stake in shares of NXP Semiconductors N.V. during the 2nd quarter worth approximately $10,258,000. Proxima Capital Management LLC purchased a new stake in shares of NXP Semiconductors N.V. during the 1st quarter worth approximately $2,588,000. Renaissance Group LLC increased its stake in shares of NXP Semiconductors N.V. by 2.8% during the 2nd quarter. Renaissance Group LLC now owns 153,688 shares of the semiconductor provider’s stock worth $16,821,000 after purchasing an additional 4,129 shares during the last quarter. Exane Asset Management purchased a new stake in shares of NXP Semiconductors N.V. during the 2nd quarter worth approximately $2,342,000. Finally, Xact Kapitalforvaltning AB increased its stake in shares of NXP Semiconductors N.V. by 18.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 64,180 shares of the semiconductor provider’s stock worth $7,025,000 after purchasing an additional 9,786 shares during the last quarter. Institutional investors own 78.86% of the company’s stock.
Shares of NXP Semiconductors N.V. (NASDAQ:NXPI) opened at 115.88 on Friday. The firm has a market cap of $29.17 billion, a P/E ratio of 20.58 and a beta of 0.88. NXP Semiconductors N.V. has a 52-week low of $95.88 and a 52-week high of $115.94. The company has a 50 day moving average price of $113.51 and a 200-day moving average price of $109.93.
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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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