$3.10 Billion in Sales Expected for NXP Semiconductors (NASDAQ:NXPI) This Quarter

Wall Street analysts expect NXP Semiconductors (NASDAQ:NXPI – Get Rating) to post sales of $3.10 billion for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for NXP Semiconductors’ earnings, with estimates ranging from $3.10 billion to $3.12 billion. NXP Semiconductors posted sales of $2.57 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.6%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that NXP Semiconductors will report full year sales of $12.73 billion for the current financial year, with estimates ranging from $12.64 billion to $12.91 billion. For the next year, analysts expect that the firm will report sales of $13.49 billion, with estimates ranging from $13.19 billion to $13.75 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow NXP Semiconductors.

NXP Semiconductors (NASDAQ:NXPI – Get Rating) last posted its quarterly earnings results on Monday, January 31st. The semiconductor provider reported $2.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.67 by $0.12. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3 billion. NXP Semiconductors had a return on equity of 34.33% and a net margin of 16.91%. During the same period last year, the company earned $2.43 earnings per share.

A number of research analysts have weighed in on the company. KeyCorp raised their price target on NXP Semiconductors from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday, February 2nd. Needham & Company LLC raised their price target on NXP Semiconductors from $300.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Wednesday, February 2nd. Morgan Stanley raised their price objective on NXP Semiconductors from $256.00 to $262.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 2nd. Piper Sandler cut NXP Semiconductors from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $235.00 to $210.00 in a research report on Thursday, January 20th. Finally, Bank of America raised their price objective on NXP Semiconductors from $255.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, NXP Semiconductors currently has an average rating of “Buy” and a consensus target price of $236.38.

Institutional investors have recently bought and sold shares of the business. Marco Investment Management LLC increased its stake in NXP Semiconductors by 7.3% during the 3rd quarter. Marco Investment Management LLC now owns 58,665 shares of the semiconductor provider’s stock worth $11,491,000 after acquiring an additional 4,010 shares during the period. CCLA Investment Management Ltd bought a new position in NXP Semiconductors during the 3rd quarter worth $84,723,000. Telos Capital Management Inc. increased its stake in shares of NXP Semiconductors by 14.0% in the 4th quarter. Telos Capital Management Inc. now owns 16,450 shares of the semiconductor provider’s stock valued at $3,747,000 after purchasing an additional 2,025 shares during the last quarter. Yousif Capital Management LLC bought a new position in shares of NXP Semiconductors in the 4th quarter valued at $8,895,000. Finally, Russell Investments Group Ltd. increased its stake in shares of NXP Semiconductors by 3.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 53,700 shares of the semiconductor provider’s stock valued at $10,524,000 after purchasing an additional 1,767 shares during the last quarter. Hedge funds and other institutional investors own 90.01% of the company’s stock.

NXPI stock opened at $170.00 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.13 and a debt-to-equity ratio of 1.56. The business has a 50 day moving average price of $184.94 and a two-hundred day moving average price of $202.88. The company has a market cap of $44.63 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 0.66 and a beta of 1.39. NXP Semiconductors has a twelve month low of $164.75 and a twelve month high of $239.91.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 6th. Shareholders of record on Tuesday, March 15th were paid a dividend of $0.845 per share. This represents a $3.38 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Monday, March 14th. This is a positive change from NXP Semiconductors’s previous quarterly dividend of $0.56. NXP Semiconductors’s dividend payout ratio (DPR) is 49.56%.

NXP Semiconductors Company Profile (Get Rating)

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.

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