Zacks: Analysts Anticipate NXP Semiconductors N.V. (NXPI) Will Post Quarterly Sales of $2.37 Billion

Equities research analysts expect NXP Semiconductors N.V. (NASDAQ:NXPI) to post sales of $2.37 billion for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for NXP Semiconductors’ earnings. The lowest sales estimate is $2.32 billion and the highest is $2.45 billion. NXP Semiconductors reported sales of $2.44 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 2.9%. The business is scheduled to report its next earnings report on Wednesday, February 7th.

On average, analysts expect that NXP Semiconductors will report full-year sales of $2.37 billion for the current year, with estimates ranging from $9.12 billion to $9.25 billion. For the next financial year, analysts forecast that the company will post sales of $9.69 billion per share, with estimates ranging from $9.45 billion to $9.91 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover NXP Semiconductors.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.22). NXP Semiconductors had a net margin of 17.21% and a return on equity of 15.89%.

NXPI has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $110.00 price objective on shares of NXP Semiconductors in a report on Wednesday, October 4th. Zacks Investment Research downgraded shares of NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Mizuho reaffirmed a “hold” rating and issued a $110.00 price objective on shares of NXP Semiconductors in a report on Wednesday, October 4th. Jefferies Group set a $110.00 price objective on shares of NXP Semiconductors and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, Sanford C. Bernstein cut shares of NXP Semiconductors from an “outperform” rating to a “market perform” rating and set a $125.00 target price for the company. in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. NXP Semiconductors currently has a consensus rating of “Hold” and a consensus price target of $113.11.

NXP Semiconductors (NASDAQ NXPI) traded up $0.66 during mid-day trading on Friday, hitting $120.00. 3,981,600 shares of the stock traded hands, compared to its average volume of 2,354,892. The stock has a market cap of $41,700.00, a P/E ratio of 21.24, a P/E/G ratio of 0.88 and a beta of 0.82. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.04 and a quick ratio of 1.59. NXP Semiconductors has a fifty-two week low of $96.00 and a fifty-two week high of $120.20.

Large investors have recently bought and sold shares of the business. AMP Capital Investors Ltd raised its position in NXP Semiconductors by 1.0% during the third quarter. AMP Capital Investors Ltd now owns 141,928 shares of the semiconductor provider’s stock worth $16,050,000 after acquiring an additional 1,423 shares during the period. American International Group Inc. raised its position in NXP Semiconductors by 6.5% during the third quarter. American International Group Inc. now owns 39,079 shares of the semiconductor provider’s stock worth $4,419,000 after acquiring an additional 2,376 shares during the period. Numen Capital LLP raised its position in NXP Semiconductors by 318.8% during the third quarter. Numen Capital LLP now owns 134,000 shares of the semiconductor provider’s stock worth $12,824,000 after acquiring an additional 102,000 shares during the period. Toronto Dominion Bank raised its position in NXP Semiconductors by 29.1% during the third quarter. Toronto Dominion Bank now owns 15,755 shares of the semiconductor provider’s stock worth $1,781,000 after acquiring an additional 3,550 shares during the period. Finally, Caxton Associates LP acquired a new position in NXP Semiconductors during the third quarter worth $882,000. Institutional investors own 82.24% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/19/zacks-analysts-anticipate-nxp-semiconductors-n-v-nxpi-will-post-quarterly-sales-of-2-37-billion.html.

About NXP Semiconductors

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.

Get a free copy of the Zacks research report on NXP Semiconductors (NXPI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply