NXP Semiconductors N.V. (NASDAQ:NXPI) is expected to report third quarter earnings results, after market close, on Monday 26th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.53 per share.
Looking ahead, the full year income are expected at $ 5.39 per share on the revenues of $ 8284.25 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 2,267.00 million ~ $ 2,267.00 million
Click Here For More Historical Outlooks Of NXP Semiconductors N.V.
Previous Quarter Performance
NXP Semiconductors N.V. unveiled income for the second quarter of $ 0.91 per share, from the revenue of $ 1,817.00 million. The quarterly earnings contracted 52.36 percent while revenues declined 18.04 percent compared with the same quarter last year.
Wall street analysts are predicting, NXPI to report 2Q20 income of $ 0.84 per share from revenue of $ 1807.12 million. The bottom line results beat street analysts by $ 0.07 or 8.33 percent, at the same time, top line results outshined analysts by $ 9.88 million or 0.55 percent.
Stock Performance
On Friday, shares of NXP Semiconductors N.V. has traded high as $ 137.75 and has cracked $ 134.36 on the downward trend, reaching $ 137.18 with volume of 1.44 million shares.
According to the previous trading day, closing price of $ 137.18, representing a 130.94 % increase from the 52 week low of $ 58.41 and a 7.07 % decrease over the 52 week high of $ 145.15.
The company has a market capital of $ 38.30 billion and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 12th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 159.00 target price.
- On 9th October 2020, maintained by Needham & Company LLC at Strong Buy rating, with $ 170.00 target price.
- On 9th October 2020, maintained by Jefferies Financial Group at Buy rating, with $ 161.00 target price.
- On 9th October 2020, maintained by Piper Sandler at Overweight rating, with $ 160.00 target price.
- On 9th October 2020, maintained by KeyBanc at Overweight rating, with $ 150.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized interim dividend of $ 0.375 per share on August 27, 2020. The dividend were payable on October 5, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
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; battery cell controllers; and solutions for radar, vision, vehicle-to-vehicle, and vehicle-to-infrastructure systems. It also provides secure identification solutions, such as passive RF connectivity devices; microcontroller devices; and secure real-time operating system software products to facilitate the encryption-decryption of data, and the interaction with the reader infrastructure systems.
