Wall Street analysts forecast that NXP Semiconductors NV (NASDAQ:NXPI) will announce earnings of $1.91 per share for the current quarter, Zacks reports. Seven analysts have made estimates for NXP Semiconductors’ earnings, with the lowest EPS estimate coming in at $1.75 and the highest estimate coming in at $2.04. NXP Semiconductors posted earnings of $1.40 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 36.4%. The company is scheduled to announce its next quarterly earnings results on Wednesday, October 24th.
According to Zacks, analysts expect that NXP Semiconductors will report full year earnings of $6.97 per share for the current year, with EPS estimates ranging from $6.65 to $7.32. For the next financial year, analysts forecast that the company will report earnings of $8.20 per share, with EPS estimates ranging from $7.30 to $9.38. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for NXP Semiconductors.
NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.43 by ($0.33). NXP Semiconductors had a return on equity of 16.24% and a net margin of 10.35%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.36 billion.
A number of research firms recently weighed in on NXPI. Cowen increased their price objective on shares of NXP Semiconductors from $111.00 to $114.00 and gave the stock an “outperform” rating in a report on Thursday. Mizuho reaffirmed a “buy” rating and issued a $115.00 price objective on shares of NXP Semiconductors in a report on Wednesday, September 12th. Stifel Nicolaus cut shares of NXP Semiconductors from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $99.00 to $84.00 in a report on Wednesday, September 12th. Credit Suisse Group began coverage on shares of NXP Semiconductors in a report on Friday, September 7th. They issued an “outperform” rating and a $125.00 price objective on the stock. Finally, Zacks Investment Research cut shares of NXP Semiconductors from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $110.35.
A number of institutional investors have recently added to or reduced their stakes in the business. Third Point LLC acquired a new position in NXP Semiconductors during the 2nd quarter valued at about $1,174,652,000. Farallon Capital Management LLC boosted its position in shares of NXP Semiconductors by 5.9% during the 1st quarter. Farallon Capital Management LLC now owns 8,278,000 shares of the semiconductor provider’s stock valued at $968,526,000 after purchasing an additional 463,000 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of NXP Semiconductors by 71.7% during the 1st quarter. Hsbc Holdings PLC now owns 7,508,068 shares of the semiconductor provider’s stock valued at $878,444,000 after purchasing an additional 3,135,818 shares in the last quarter. PSquared Asset Management AG boosted its position in shares of NXP Semiconductors by 35.4% during the 1st quarter. PSquared Asset Management AG now owns 2,895,549 shares of the semiconductor provider’s stock valued at $338,779,000 after purchasing an additional 757,287 shares in the last quarter. Finally, Alpine Associates Management Inc. boosted its position in shares of NXP Semiconductors by 23.9% during the 1st quarter. Alpine Associates Management Inc. now owns 2,197,810 shares of the semiconductor provider’s stock valued at $257,145,000 after purchasing an additional 424,205 shares in the last quarter. 83.59% of the stock is currently owned by hedge funds and other institutional investors.
NXPI stock opened at $92.76 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.98. NXP Semiconductors has a fifty-two week low of $84.59 and a fifty-two week high of $125.93. The stock has a market capitalization of $30.52 billion, a P/E ratio of 12.92, a PEG ratio of 0.74 and a beta of 0.82.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Tuesday, September 25th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 24th. This represents a $1.00 annualized dividend and a yield of 1.08%.
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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