NXP Semiconductors NV (NASDAQ:NXPI) – Analysts at SunTrust Banks lifted their Q3 2018 earnings estimates for shares of NXP Semiconductors in a research note issued to investors on Wednesday, September 12th, according to Zacks Investment Research. SunTrust Banks analyst W. Stein now forecasts that the semiconductor provider will post earnings per share of $1.73 for the quarter, up from their previous estimate of $1.67. SunTrust Banks has a “Buy” rating on the stock. SunTrust Banks also issued estimates for NXP Semiconductors’ Q4 2018 earnings at $1.79 EPS.
NXP Semiconductors (NASDAQ:NXPI) last announced its quarterly earnings results on Thursday, July 26th. The semiconductor provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.43 by ($0.33). NXP Semiconductors had a return on equity of 16.24% and a net margin of 10.35%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.36 billion.
A number of other brokerages have also issued reports on NXPI. Zacks Investment Research lowered NXP Semiconductors from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Bank of America started coverage on NXP Semiconductors in a research report on Friday, July 27th. They set a “neutral” rating and a $110.00 price target for the company. Cowen boosted their price target on NXP Semiconductors from $111.00 to $114.00 and gave the stock an “outperform” rating in a research report on Thursday, September 13th. Mizuho upgraded NXP Semiconductors from a “neutral” rating to a “buy” rating in a research report on Friday, July 27th. Finally, Jefferies Financial Group upgraded NXP Semiconductors from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Friday, July 27th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $110.65.
NXPI stock traded up $0.26 during trading on Thursday, reaching $83.21. 6,543,974 shares of the company’s stock were exchanged, compared to its average volume of 6,670,220. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.98. NXP Semiconductors has a 1-year low of $80.71 and a 1-year high of $125.93. The firm has a market capitalization of $29.38 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 0.71 and a beta of 0.85.
Several institutional investors have recently made changes to their positions in the company. Synovus Financial Corp purchased a new stake in shares of NXP Semiconductors during the first quarter valued at $101,000. Signaturefd LLC lifted its holdings in shares of NXP Semiconductors by 299.2% during the second quarter. Signaturefd LLC now owns 1,062 shares of the semiconductor provider’s stock valued at $116,000 after purchasing an additional 796 shares during the last quarter. Princeton Capital Management LLC purchased a new stake in shares of NXP Semiconductors during the second quarter valued at $127,000. MCF Advisors LLC purchased a new stake in shares of NXP Semiconductors during the first quarter valued at $137,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of NXP Semiconductors during the second quarter valued at $207,000. Institutional investors and hedge funds own 83.53% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, September 25th were issued a $0.25 dividend. The ex-dividend date was Monday, September 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. NXP Semiconductors’s dividend payout ratio (DPR) is 11.84%.
NXP Semiconductors Company Profile
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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