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

Brokerages expect NXP Semiconductors (NASDAQ:NXPIGet 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:NXPIGet 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.

Featured Stories

Get a free copy of the Zacks research report on NXP Semiconductors (NXPI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for NXP Semiconductors (NASDAQ:NXPI)

Receive News & Ratings for NXP Semiconductors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NXP Semiconductors and related companies with MarketBeat.com's FREE daily email newsletter.