Equities analysts expect NXP Semiconductors N.V. (NASDAQ:NXPI) to report sales of $2.29 billion for the current quarter, Zacks reports. Six analysts have made estimates for NXP Semiconductors N.V.’s earnings, with the highest sales estimate coming in at $2.35 billion and the lowest estimate coming in at $2.25 billion. NXP Semiconductors N.V. posted sales of $2.47 billion in the same quarter last year, which suggests a negative year over year growth rate of 7.3%. The company is expected to issue its next earnings report on Wednesday, October 25th.

On average, analysts expect that NXP Semiconductors N.V. will report full-year sales of $2.29 billion for the current year, with estimates ranging from $8.82 billion to $9.06 billion. For the next financial year, analysts anticipate that the business will post sales of $9.41 billion per share, with estimates ranging from $9.10 billion to $9.74 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for NXP Semiconductors N.V..

NXPI has been the subject of a number of recent research reports. Zacks Investment Research raised shares of NXP Semiconductors N.V. from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Tuesday, May 9th. ValuEngine raised shares of NXP Semiconductors N.V. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reissued a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Monday, July 10th. Stifel Nicolaus reissued a “hold” rating and issued a $110.00 target price on shares of NXP Semiconductors N.V. in a research report on Tuesday, July 4th. Finally, Deutsche Bank AG cut shares of NXP Semiconductors N.V. from a “buy” rating to a “hold” rating and set a $110.00 target price for the company. in a research report on Monday, June 19th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. NXP Semiconductors N.V. currently has an average rating of “Hold” and an average target price of $110.53.

Shares of NXP Semiconductors N.V. (NXPI) opened at 112.42 on Monday. The company’s 50 day moving average is $109.54 and its 200-day moving average is $105.36. NXP Semiconductors N.V. has a 12 month low of $80.13 and a 12 month high of $112.79. The firm has a market cap of $28.30 billion, a PE ratio of 19.98 and a beta of 0.89.

Several hedge funds and other institutional investors have recently bought and sold shares of NXPI. Narwhal Capital Management increased its position in NXP Semiconductors N.V. by 26.6% in the first quarter. Narwhal Capital Management now owns 30,995 shares of the semiconductor provider’s stock valued at $3,223,000 after buying an additional 6,520 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in NXP Semiconductors N.V. by 87.7% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 47,300 shares of the semiconductor provider’s stock valued at $4,895,000 after buying an additional 22,100 shares in the last quarter. Korea Investment CORP increased its position in NXP Semiconductors N.V. by 1.0% in the first quarter. Korea Investment CORP now owns 190,661 shares of the semiconductor provider’s stock valued at $19,733,000 after buying an additional 1,900 shares in the last quarter. Havens Advisors LLC increased its position in NXP Semiconductors N.V. by 17.8% in the first quarter. Havens Advisors LLC now owns 93,100 shares of the semiconductor provider’s stock valued at $9,636,000 after buying an additional 14,100 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its position in NXP Semiconductors N.V. by 6.7% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 17,687 shares of the semiconductor provider’s stock valued at $1,831,000 after buying an additional 1,116 shares in the last quarter. 76.83% of the stock is owned by hedge funds and other institutional investors.

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About NXP Semiconductors N.V.

NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company. The Company provides high performance mixed signal and standard product solutions. The Company’s segments are High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other. Its product solutions are used in a range of end-market applications, including automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial, consumer and computing.

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