NXP Semiconductors N.V. (NASDAQ:NXPI) Expected to Post Quarterly Sales of $2.19 Billion

Equities analysts expect NXP Semiconductors N.V. (NASDAQ:NXPI) to report sales of $2.19 billion for the current quarter, according to Zacks. Six analysts have made estimates for NXP Semiconductors N.V.’s earnings, with the highest sales estimate coming in at $2.23 billion and the lowest estimate coming in at $2.15 billion. NXP Semiconductors N.V. reported sales of $2.37 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.6%. The firm is expected to issue its next earnings report after the market closes on Wednesday, August 2nd.

According to Zacks, analysts expect that NXP Semiconductors N.V. will report full year sales of $2.19 billion for the current fiscal year, with estimates ranging from $8.82 billion to $9.06 billion. For the next year, analysts expect that the firm will post sales of $9.41 billion per share, with estimates ranging from $9.10 billion to $9.74 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for NXP Semiconductors N.V..

Several equities research analysts have commented on NXPI shares. BidaskClub lowered shares of NXP Semiconductors N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday. Jefferies Group LLC restated a “hold” rating and set a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Monday, July 10th. Stifel Nicolaus restated a “hold” rating and set a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Tuesday, July 4th. Zacks Investment Research lowered shares of NXP Semiconductors N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Instinet lowered shares of NXP Semiconductors N.V. from a “buy” rating to a “neutral” rating and set a $110.00 target price on the stock. in a research report on Monday, May 8th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $108.58.

Hedge funds have recently modified their holdings of the company. Aberdeen Asset Management PLC UK boosted its stake in shares of NXP Semiconductors N.V. by 0.5% in the first quarter. Aberdeen Asset Management PLC UK now owns 993,311 shares of the semiconductor provider’s stock worth $102,808,000 after buying an additional 4,467 shares during the last quarter. Hudson Bay Capital Management LP boosted its stake in shares of NXP Semiconductors N.V. by 276.7% in the fourth quarter. Hudson Bay Capital Management LP now owns 470,839 shares of the semiconductor provider’s stock worth $46,147,000 after buying an additional 345,839 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of NXP Semiconductors N.V. during the first quarter worth about $327,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of NXP Semiconductors N.V. by 44.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 173,296 shares of the semiconductor provider’s stock worth $17,936,000 after buying an additional 53,286 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of NXP Semiconductors N.V. by 315.7% in the first quarter. KBC Group NV now owns 351,365 shares of the semiconductor provider’s stock worth $36,366,000 after buying an additional 266,832 shares during the last quarter. Institutional investors and hedge funds own 76.78% of the company’s stock.

NXP Semiconductors N.V. (NASDAQ NXPI) traded up 0.13% during trading on Friday, reaching $109.60. 1,302,266 shares of the company’s stock were exchanged. NXP Semiconductors N.V. has a 52 week low of $80.13 and a 52 week high of $109.98. The firm has a market capitalization of $27.59 billion, a price-to-earnings ratio of 20.06 and a beta of 0.90. The stock has a 50-day moving average price of $109.28 and a 200 day moving average price of $104.59.

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About NXP Semiconductors N.V.

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.

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