NXP Semiconductors (NXPI) Expected to Post Quarterly Sales of $2.36 Billion

Wall Street analysts expect NXP Semiconductors (NASDAQ:NXPI) to report $2.36 billion in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for NXP Semiconductors’ earnings. The highest sales estimate is $2.41 billion and the lowest is $2.34 billion. NXP Semiconductors reported sales of $2.20 billion in the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 1st.

According to Zacks, analysts expect that NXP Semiconductors will report full year sales of $9.53 billion for the current fiscal year, with estimates ranging from $9.39 billion to $9.70 billion. For the next fiscal year, analysts forecast that the firm will report sales of $10.09 billion per share, with estimates ranging from $9.85 billion to $10.63 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for NXP Semiconductors.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings results on Wednesday, May 2nd. The semiconductor provider reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.55). The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.35 billion. NXP Semiconductors had a return on equity of 16.51% and a net margin of 10.39%.

A number of research analysts have issued reports on NXPI shares. Sanford C. Bernstein set a $125.00 price target on shares of NXP Semiconductors and gave the stock a “hold” rating in a report on Thursday, February 8th. Mizuho reaffirmed a “hold” rating and issued a $110.00 price target on shares of NXP Semiconductors in a report on Thursday, February 8th. Jefferies Group reaffirmed a “hold” rating and issued a $120.00 price target on shares of NXP Semiconductors in a report on Tuesday, February 13th. SunTrust Banks raised their price target on shares of NXP Semiconductors to $127.50 and gave the stock a “hold” rating in a report on Tuesday, February 20th. Finally, BidaskClub upgraded shares of NXP Semiconductors from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. NXP Semiconductors presently has a consensus rating of “Hold” and an average price target of $120.42.

Hedge funds have recently added to or reduced their stakes in the stock. Synovus Financial Corp acquired a new stake in NXP Semiconductors during the first quarter valued at $101,000. MCF Advisors LLC acquired a new stake in shares of NXP Semiconductors in the first quarter valued at about $137,000. Valeo Financial Advisors LLC grew its position in shares of NXP Semiconductors by 931.3% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,320 shares of the semiconductor provider’s stock valued at $155,000 after purchasing an additional 1,192 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of NXP Semiconductors in the fourth quarter valued at about $209,000. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of NXP Semiconductors in the first quarter valued at about $223,000. Institutional investors own 81.01% of the company’s stock.

Shares of NASDAQ NXPI traded up $5.65 during midday trading on Monday, reaching $120.17. The company had a trading volume of 1,179,146 shares, compared to its average volume of 7,838,580. The stock has a market cap of $39.99 billion, a P/E ratio of 16.72, a P/E/G ratio of 0.97 and a beta of 0.81. NXP Semiconductors has a 1 year low of $90.83 and a 1 year high of $125.93. 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 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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