NXP Semiconductors NV (NASDAQ:NXPI) posted its earnings results on Wednesday. The semiconductor provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.35 billion. The company’s revenue for the quarter was up 57.0% on a year-over-year basis.
NXP Semiconductors NV (NASDAQ:NXPI) traded down 0.52% during midday trading on Wednesday, reaching $87.44. 6,739,714 shares of the company’s stock were exchanged. NXP Semiconductors NV has a 52 week low of $61.61 and a 52 week high of $100.26. The stock’s 50 day moving average is $82.57 and its 200 day moving average is $80.39. The firm has a market capitalization of $22.01 billion and a P/E ratio of 19.61.
A number of research analysts recently issued reports on the stock. Mizuho restated a “buy” rating and set a $120.00 target price on shares of NXP Semiconductors NV in a research report on Saturday, April 9th. Jefferies Group reiterated a “buy” rating on shares of NXP Semiconductors NV in a research report on Sunday, May 22nd. Morgan Stanley reiterated a “buy” rating on shares of NXP Semiconductors NV in a research report on Wednesday, April 27th. Goldman Sachs Group Inc. upgraded shares of NXP Semiconductors NV from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $110.00 in a research report on Thursday, May 5th. Finally, Drexel Hamilton reiterated a “buy” rating on shares of NXP Semiconductors NV in a research report on Wednesday, June 15th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $106.62.
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company and a long-standing supplier. The Company provides high performance mixed signal and standard product solutions. The Company’s segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.
