Zacks: Brokerages Anticipate NXP Semiconductors (NASDAQ:NXPI) Will Post Earnings of $3.39 Per Share

Brokerages expect NXP Semiconductors (NASDAQ:NXPI – Get Rating) to post $3.39 earnings per share for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for NXP Semiconductors’ earnings. The highest EPS estimate is $3.40 and the lowest is $3.38. NXP Semiconductors reported earnings per share of $2.38 in the same quarter last year, which suggests a positive year-over-year growth rate of 42.4%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that NXP Semiconductors will report full-year earnings of $13.73 per share for the current financial year, with EPS estimates ranging from $13.40 to $14.09. For the next fiscal year, analysts expect that the business will report earnings of $14.51 per share, with EPS estimates ranging from $13.48 to $15.30. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for NXP Semiconductors.

NXP Semiconductors (NASDAQ:NXPI – Get Rating) last announced its quarterly earnings results on Monday, May 2nd. The semiconductor provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.26. NXP Semiconductors had a return on equity of 40.21% and a net margin of 18.70%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.10 billion.

NXPI has been the subject of several recent analyst reports. Zacks Investment Research cut NXP Semiconductors from a “hold” rating to a “sell” rating and set a $188.00 target price for the company. in a research note on Thursday, April 21st. Truist Financial decreased their price target on NXP Semiconductors from $265.00 to $211.00 and set a “buy” rating for the company in a report on Friday, April 8th. Morgan Stanley raised their target price on NXP Semiconductors from $256.00 to $262.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 2nd. Mizuho raised their price target on shares of NXP Semiconductors from $200.00 to $205.00 in a research report on Wednesday, May 4th. Finally, Citigroup cut shares of NXP Semiconductors from a “buy” rating to a “neutral” rating and dropped their price target for the company from $240.00 to $190.00 in a research report on Tuesday, April 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $226.30.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new stake in shares of NXP Semiconductors during the fourth quarter worth about $211,000. Telos Capital Management Inc. raised its holdings in NXP Semiconductors by 14.0% during the fourth quarter. Telos Capital Management Inc. now owns 16,450 shares of the semiconductor provider’s stock worth $3,747,000 after purchasing an additional 2,025 shares in the last quarter. Yousif Capital Management LLC acquired a new stake in NXP Semiconductors during the fourth quarter worth approximately $8,895,000. Benjamin F. Edwards & Company Inc. grew its position in shares of NXP Semiconductors by 18.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 656 shares of the semiconductor provider’s stock worth $149,000 after acquiring an additional 102 shares during the last quarter. Finally, Profund Advisors LLC grew its position in shares of NXP Semiconductors by 4.8% during the third quarter. Profund Advisors LLC now owns 37,615 shares of the semiconductor provider’s stock worth $7,368,000 after acquiring an additional 1,723 shares during the last quarter. 89.03% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:NXPI traded down $1.57 during trading hours on Tuesday, reaching $179.12. 2,200,431 shares of the company were exchanged, compared to its average volume of 2,773,173. The company has a market capitalization of $47.03 billion, a P/E ratio of 22.25, a P/E/G ratio of 0.65 and a beta of 1.36. NXP Semiconductors has a 1-year low of $164.75 and a 1-year high of $239.91. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.85 and a quick ratio of 1.39. The business has a 50 day moving average of $178.72 and a 200 day moving average of $198.74.

About NXP Semiconductors (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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