Equities research analysts predict that NXP Semiconductors NV (NASDAQ:NXPI) will announce sales of $2.43 billion for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for NXP Semiconductors’ earnings. The highest sales estimate is $2.43 billion and the lowest is $2.42 billion. NXP Semiconductors reported sales of $2.39 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, October 31st.
According to Zacks, analysts expect that NXP Semiconductors will report full-year sales of $9.40 billion for the current financial year, with estimates ranging from $9.33 billion to $9.48 billion. For the next fiscal year, analysts anticipate that the company will post sales of $9.78 billion, with estimates ranging from $9.53 billion to $10.19 billion. Zacks’ sales averages are an average based on a survey of analysts that cover NXP Semiconductors.
NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by ($0.33). The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.36 billion. NXP Semiconductors had a net margin of 10.35% and a return on equity of 16.24%.
NXPI has been the topic of several research reports. Mizuho upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating in a research report on Friday, July 27th. Jefferies Financial Group upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Friday, July 27th. Deutsche Bank upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating and decreased their target price for the stock from $127.50 to $107.00 in a research report on Thursday, July 26th. SunTrust Banks upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research upgraded shares of NXP Semiconductors from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Friday, August 3rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $110.65.
Several hedge funds have recently added to or reduced their stakes in NXPI. Signaturefd LLC increased its position in shares of NXP Semiconductors by 299.2% in the second quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock valued at $116,000 after acquiring an additional 796 shares during the period. Princeton Capital Management LLC purchased a new position in shares of NXP Semiconductors in the second quarter valued at about $127,000. Quantitative Systematic Strategies LLC purchased a new position in shares of NXP Semiconductors in the second quarter valued at about $207,000. Qube Research & Technologies Ltd purchased a new position in shares of NXP Semiconductors in the second quarter valued at about $208,000. Finally, Searle & CO. purchased a new position in shares of NXP Semiconductors in the third quarter valued at about $214,000. Hedge funds and other institutional investors own 83.29% of the company’s stock.
NXP Semiconductors stock opened at $77.70 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. The firm has a market cap of $27.45 billion, a PE ratio of 11.02, a P/E/G ratio of 0.66 and a beta of 0.85. NXP Semiconductors has a fifty-two week low of $76.26 and a fifty-two week high of $125.93.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Tuesday, September 25th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Monday, September 24th. NXP Semiconductors’s payout ratio is 11.84%.
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.
Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)
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.