Wall Street brokerages expect NXP Semiconductors NV (NASDAQ:NXPI) to announce $2.39 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for NXP Semiconductors’ earnings, with the highest sales estimate coming in at $2.39 billion and the lowest estimate coming in at $2.38 billion. NXP Semiconductors reported sales of $2.46 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.8%. The firm is scheduled to issue its next earnings report on Wednesday, February 6th.

On average, analysts expect that NXP Semiconductors will report full year sales of $9.39 billion for the current financial year, with estimates ranging from $9.39 billion to $9.40 billion. For the next year, analysts anticipate that the company will post sales of $9.53 billion, with estimates ranging from $9.30 billion to $9.77 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover NXP Semiconductors.

A number of equities research analysts have recently issued reports on NXPI shares. Bank of America upgraded shares of NXP Semiconductors from a “neutral” rating to a “buy” rating and boosted their price target for the company from $110.00 to $120.00 in a report on Monday, September 17th. Stifel Nicolaus lowered shares of NXP Semiconductors from a “hold” rating to a “sell” rating and cut their price target for the company from $99.00 to $84.00 in a report on Wednesday, September 12th. Goldman Sachs Group raised shares of NXP Semiconductors from a “neutral” rating to a “buy” rating in a research report on Thursday, October 18th. They noted that the move was a valuation call. Mizuho reaffirmed a “buy” rating and set a $115.00 price objective on shares of NXP Semiconductors in a research report on Wednesday, September 12th. Finally, Cowen boosted their price objective on shares of NXP Semiconductors from $111.00 to $114.00 and gave the company an “outperform” rating in a research report on Thursday, September 13th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. NXP Semiconductors has an average rating of “Hold” and a consensus target price of $103.38.

NXPI stock opened at $81.75 on Wednesday. NXP Semiconductors has a 52-week low of $69.72 and a 52-week high of $125.93. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.50. The company has a market cap of $28.76 billion, a PE ratio of 11.39, a PEG ratio of 1.09 and a beta of 0.90.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Bridge Advisors bought a new stake in NXP Semiconductors in the third quarter worth approximately $1,778,000. Canyon Capital Advisors LLC grew its position in NXP Semiconductors by 144.9% in the second quarter. Canyon Capital Advisors LLC now owns 784,630 shares of the semiconductor provider’s stock worth $85,737,000 after acquiring an additional 464,290 shares in the last quarter. Sensato Investors LLC bought a new stake in NXP Semiconductors in the second quarter worth approximately $2,011,000. Cannell Peter B & Co. Inc. bought a new stake in NXP Semiconductors in the second quarter worth approximately $382,000. Finally, Princeton Capital Management LLC bought a new stake in NXP Semiconductors in the second quarter worth approximately $127,000. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

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

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