Equities research analysts forecast that NXP Semiconductors NV (NASDAQ:NXPI) will report earnings of $1.92 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for NXP Semiconductors’ earnings, with the lowest EPS estimate coming in at $1.80 and the highest estimate coming in at $2.04. NXP Semiconductors reported earnings per share of $1.40 during the same quarter last year, which would indicate a positive year-over-year growth rate of 37.1%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, October 31st.
On average, analysts expect that NXP Semiconductors will report full year earnings of $6.97 per share for the current financial year, with EPS estimates ranging from $6.72 to $7.32. For the next financial year, analysts forecast that the firm will report earnings of $8.17 per share, with EPS estimates ranging from $7.30 to $9.38. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow NXP Semiconductors.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.33). NXP Semiconductors had a net margin of 10.35% and a return on equity of 16.24%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.36 billion.
A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of NXP Semiconductors from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, October 3rd. Bank of America raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $120.00 in a report on Monday, September 17th. Cowen upped their target price on shares of NXP Semiconductors from $111.00 to $114.00 and gave the company an “outperform” rating in a report on Thursday, September 13th. Mizuho reaffirmed a “buy” rating and issued a $115.00 target price on shares of NXP Semiconductors in a report on Wednesday, September 12th. Finally, Stifel Nicolaus cut shares of NXP Semiconductors from a “hold” rating to a “sell” rating and reduced their target price for the company from $99.00 to $84.00 in a report on Wednesday, September 12th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NXP Semiconductors presently has an average rating of “Hold” and a consensus price target of $110.65.
Several institutional investors have recently modified their holdings of the company. Optimum Investment Advisors increased its stake in shares of NXP Semiconductors by 48.2% during the third quarter. Optimum Investment Advisors now owns 7,484 shares of the semiconductor provider’s stock worth $640,000 after acquiring an additional 2,434 shares during the period. Benson Investment Management Company Inc. acquired a new position in NXP Semiconductors during the third quarter worth about $2,601,000. Intl Fcstone Inc. acquired a new position in NXP Semiconductors during the third quarter worth about $230,000. Verde Servicos Internacionais S.A. grew its position in NXP Semiconductors by 15.3% during the third quarter. Verde Servicos Internacionais S.A. now owns 68,117 shares of the semiconductor provider’s stock worth $7,423,000 after buying an additional 9,018 shares during the period. Finally, Private Asset Management Inc. grew its position in NXP Semiconductors by 562.0% during the third quarter. Private Asset Management Inc. now owns 31,280 shares of the semiconductor provider’s stock worth $2,674,000 after buying an additional 26,555 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.
Shares of NASDAQ:NXPI traded down $1.06 on Monday, reaching $82.15. The company’s stock had a trading volume of 3,219,600 shares, compared to its average volume of 6,652,434. NXP Semiconductors has a 52-week low of $80.71 and a 52-week high of $125.93. 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 stock has a market capitalization of $29.38 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 0.71 and a beta of 0.85.
The company also recently declared a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, September 25th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, September 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. NXP Semiconductors’s dividend payout ratio (DPR) is 11.84%.
About NXP Semiconductors
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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