Wall Street brokerages predict that NXP Semiconductors (NASDAQ:NXPI) will post $2.36 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for NXP Semiconductors’ earnings. The lowest sales estimate is $2.34 billion and the highest is $2.41 billion. NXP Semiconductors reported sales of $2.20 billion during the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The business is expected to issue its next quarterly earnings report on Wednesday, August 1st.
On average, analysts expect that NXP Semiconductors will report full year sales of $9.53 billion for the current year, with estimates ranging from $9.39 billion to $9.70 billion. For the next fiscal year, analysts forecast that the firm will post sales of $10.09 billion per share, with estimates ranging from $9.85 billion to $10.63 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for NXP Semiconductors.
Several analysts recently issued reports on NXPI shares. BidaskClub upgraded NXP Semiconductors from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. Zacks Investment Research lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a report on Tuesday, April 17th. Mizuho reiterated a “hold” rating and set a $110.00 price objective on shares of NXP Semiconductors in a report on Thursday, February 8th. Needham & Company LLC reiterated a “strong-buy” rating and set a $130.00 price objective (up from $110.00) on shares of NXP Semiconductors in a report on Thursday, February 1st. Finally, Deutsche Bank began coverage on NXP Semiconductors in a report on Thursday, March 15th. They set a “hold” rating and a $127.50 price objective for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $120.42.
Shares of NASDAQ:NXPI traded up $2.48 during midday trading on Friday, hitting $113.50. 5,837,551 shares of the stock were exchanged, compared to its average volume of 5,355,921. The company has a current ratio of 2.07, a quick ratio of 1.68 and a debt-to-equity ratio of 0.38. NXP Semiconductors has a 52-week low of $90.83 and a 52-week high of $125.93. The firm has a market cap of $38.15 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 0.93 and a beta of 0.81.
A number of institutional investors have recently bought and sold shares of the business. American Money Management LLC increased its position in NXP Semiconductors by 3.2% during the fourth quarter. American Money Management LLC now owns 14,311 shares of the semiconductor provider’s stock worth $1,676,000 after buying an additional 440 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of NXP Semiconductors by 2.5% in the fourth quarter. Baird Financial Group Inc. now owns 17,807 shares of the semiconductor provider’s stock valued at $2,085,000 after purchasing an additional 441 shares during the last quarter. Security National Trust Co. grew its position in shares of NXP Semiconductors by 23.3% in the fourth quarter. Security National Trust Co. now owns 2,650 shares of the semiconductor provider’s stock valued at $311,000 after purchasing an additional 500 shares during the last quarter. ClariVest Asset Management LLC grew its position in shares of NXP Semiconductors by 50.2% in the first quarter. ClariVest Asset Management LLC now owns 1,952 shares of the semiconductor provider’s stock valued at $229,000 after purchasing an additional 652 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of NXP Semiconductors by 1.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 35,587 shares of the semiconductor provider’s stock valued at $4,167,000 after purchasing an additional 666 shares during the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.
NXP Semiconductors Company Profile
NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. The company offers products for audio and visual head-end unit applications, such as single-chip radio solutions, multi-standard radios, audio amplifiers and power analog products, and i.MX applications processors; in-vehicle networking products; two-way secure entry products; various sensors and microcontrollers; power management solutions; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems.
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