Zacks: Analysts Expect NXP Semiconductors NV (NXPI) Will Announce Quarterly Sales of $2.43 Billion

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Wall Street brokerages expect NXP Semiconductors NV (NASDAQ:NXPI) to announce sales of $2.43 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for NXP Semiconductors’ earnings, with the lowest sales estimate coming in at $2.42 billion and the highest estimate coming in at $2.43 billion. NXP Semiconductors reported sales of $2.39 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.7%. The firm is scheduled to issue its next earnings results on Wednesday, October 24th.

On average, analysts expect that NXP Semiconductors will report full-year sales of $9.43 billion for the current financial year, with estimates ranging from $9.33 billion to $9.49 billion. For the next fiscal year, analysts forecast that the business will report sales of $9.90 billion per share, with estimates ranging from $9.53 billion to $10.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow NXP Semiconductors.

Several research analysts have recently commented on NXPI shares. Zacks Investment Research lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th. BidaskClub lowered NXP Semiconductors from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 21st. SunTrust Banks upgraded NXP Semiconductors from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. ValuEngine lowered NXP Semiconductors from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Sanford C. Bernstein set a $115.00 target price on NXP Semiconductors and gave the stock a “hold” rating in a research report on Thursday, May 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. NXP Semiconductors presently has an average rating of “Hold” and an average price target of $109.80.

Shares of NXP Semiconductors opened at $94.56 on Monday, according to Marketbeat.com. The company has a market capitalization of $32.88 billion, a PE ratio of 15.00, a PEG ratio of 0.76 and a beta of 0.72. The company has a quick ratio of 2.26, a current ratio of 2.98 and a debt-to-equity ratio of 0.39. NXP Semiconductors has a 52 week low of $90.25 and a 52 week high of $125.93.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Third Point LLC bought a new stake in shares of NXP Semiconductors in the 2nd quarter worth approximately $1,174,652,000. Farallon Capital Management LLC lifted its holdings in shares of NXP Semiconductors by 5.9% in the 1st quarter. Farallon Capital Management LLC now owns 8,278,000 shares of the semiconductor provider’s stock worth $968,526,000 after purchasing an additional 463,000 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of NXP Semiconductors by 71.7% in the 1st quarter. Hsbc Holdings PLC now owns 7,508,068 shares of the semiconductor provider’s stock worth $878,444,000 after purchasing an additional 3,135,818 shares during the last quarter. ING Groep NV bought a new stake in shares of NXP Semiconductors in the 1st quarter worth approximately $359,775,000. Finally, PSquared Asset Management AG lifted its holdings in shares of NXP Semiconductors by 35.4% in the 1st quarter. PSquared Asset Management AG now owns 2,895,549 shares of the semiconductor provider’s stock worth $338,779,000 after purchasing an additional 757,287 shares during the last quarter. 79.85% of the stock is currently owned by institutional investors and hedge funds.

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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